Saturday, April 03, 2004
MORE ABOUT THE YEN
That Bloomberg.com column I linked to yesterday, about the manga about currency trading, contains another bit of info which is actually of greater importance. The Bank of Japan, which really has been selling yen and buying dollars, has been doing less of it in recent weeks, and as a result the value of the yen has been going up relative to that of the dollar. This is bad news for those of us who read manga in Japanese, as it makes imports from Japan more expensive, including manga. It's also potentially bad news for the U.S. as a whole, since right now it's the willingness of foreign governments to buy dollars that enables us to run the staggering deficits we're running without rampaging inflation. If China stops buying dollars, we're really screwed.
TANKS? YOU'RE WELCOME!
Glancing over the review of the I'm Gonna Be an Angel! manga I posted a few days ago, I realized that I had tossed in a reference to the manga consisting of "only two tanks" without explanation, undoubtedly mystifying a few readers. "Tank" is an abbreviation some English-speaking manga fans use for "tankoubon," a Japanese word meaning simply a single book or volume (but English-speaking fans use it to refer specifically to volumes of the Japanese editions). So all I meant was that the manga is only two volumes long. In any case, I'm about to go fix the original post.
That Bloomberg.com column I linked to yesterday, about the manga about currency trading, contains another bit of info which is actually of greater importance. The Bank of Japan, which really has been selling yen and buying dollars, has been doing less of it in recent weeks, and as a result the value of the yen has been going up relative to that of the dollar. This is bad news for those of us who read manga in Japanese, as it makes imports from Japan more expensive, including manga. It's also potentially bad news for the U.S. as a whole, since right now it's the willingness of foreign governments to buy dollars that enables us to run the staggering deficits we're running without rampaging inflation. If China stops buying dollars, we're really screwed.
TANKS? YOU'RE WELCOME!
Glancing over the review of the I'm Gonna Be an Angel! manga I posted a few days ago, I realized that I had tossed in a reference to the manga consisting of "only two tanks" without explanation, undoubtedly mystifying a few readers. "Tank" is an abbreviation some English-speaking manga fans use for "tankoubon," a Japanese word meaning simply a single book or volume (but English-speaking fans use it to refer specifically to volumes of the Japanese editions). So all I meant was that the manga is only two volumes long. In any case, I'm about to go fix the original post.
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