Japan Comic Highlights Currency Fears [View All]

Here's a story on the Yahoo home page that I think you'll all enjoy. It seems the Japanese get more useful information from their COMIC BOOKS than Amuricans do from their "fair and balanced" media....

By YURI KAGEYAMA, AP Business Writer

TOKYO - The plot is sinister: U.S. officials trick Japanese authorities into intervening in the exchange market to buy the falling U.S. currency — not to save vulnerable Japanese exporters from the dangers of a high yen, but to keep America's economy from sliding.

This story line from a comic book now selling in Japan may be implausible. Nonetheless, it highlights growing fears here over seesawing currency fluctuations.

There's little doubt that if the yen rises too much against the dollar, Japan's fragile export-driven recovery could sputter. Prices for Japanese products abroad would soar and earnings of major companies would plunge.

It's true that Japanese authorities have been dipping into the market for months. They have been spending a fortune buying and bolstering the value of the dollar while keeping the yen lower.

complete story here