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Re: Is Bernanke Behind The Rallies? Query to Barkley

> The yen loans used to be not fullly repaid, just
> rolled-overed backed by
> dollar deposits.

yen loans 'create' yen deposits.
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Not if part of the yen loans buy imported inputs and the dollars used come
from the BOJ selling in the currency market. The yen economy shrinks.
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