ONE CENT = ONE YEN ?
Yes, I watched the change of today's Dow Jones industrial average, too.
It eventually secured the 10,000-dollar level.
Nonetheless, the focus should be also placed on the value of the U.S. dollar.
So, I have to refer to some figures presented in the blog of Mr. Hideo Tamura, a journalist associated with the Sankei Shimbun newspaper of Japan.
(Click to enlarge.)( http://tamurah.iza.ne.jp/blog/entry/742299/ )
The figure shows that FRB has been providing dollar bills to the U.S. financial sector in a frenzy of passion.
FRB printed dollar bills in this month alone as much as it did during the past year.
Though the value of the U.S. dollar is kept and preserved so far owing to various factors, there are grave concerns about its possible crash.
So, let’s check the trend of relative value between the dollar and yen as well as Euro and other currencies.
The value of the dollar is rather getting stronger against other currencies,such as the Australian dollar, the British pound, and the Swiss franc, except the Japanese yen.
(Click to enlarge.)( http://zai.diamond.jp/servlets/Query?SRC=zai/news/top&newsid=5810 )
As I wrote the other day, Japanese banks and other financial institutes are the least hit and affected by the Wall-Street-triggered financial crisis.
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Today, the media people and politicians have been busy in Japan, since the Q&A session of the budgetary committee in the Lower House of the Diet has been broadcast live on TV all day long.
So, that is all for today.
Trust in the Japanese yen.
Trust in the Tokyo Stock Exchange.
Respect hard-working and well-meaning regular folks in Japan.
(Do you know the difference between the Ventures and the Beach Boys?
http://www.menziesera.com/midi/pipeline.mid
Source: http://www.menziesera.com/media/music_jukebox.htm)
"LOVE YOUR GOD WITH ALL YOUR MIGHT AND MIND"