tgif night, page-3

because japanese housewives are buying it. The yield on aud is about 6.5% vs .5% on bonds in japan. The women look after the household finances in japan, I've read. The real problem is that japan has been plagued by deflation for a decade or so, so they had 0% interest rates for quite a while, and are only now climbing back from the mire. Its interesting that the big instos started buying yen a while back, thinking it was too cheap as japan was recovering economically, but the private investors swamped their efforts and the yen continued down. Its a problem tho. Might be good for japanese households but is distorting the economies of several countries.. usa, nz, aussie, etc.