Dont go with the herd Mr Hirohisa Fuji

As the yen appreciates the call for intervention from vested interests and so called stakeholders of "growth" gets louder by the day. It is clear that a bout of deflation is a must if Japan has to come out of its lost decade and a half which might become the lost double decade!! As noted earlier by me - Japan can still manage to come out of this shining if it were to only:

1. Convert 30% of Yen debt into $ denominated debt

2. Pay off the newly created $ liabilities with its mountain of US treasuries

3. Use a part of its US treasury assets to buy up SEZ's in the middle east and other Asian countries with large local consumer demand.

By including these SEZ's into the GDP of Japan going forward - they can to some extent negate the negative effects of the appreciating Yen and also at the same time maybe avoid the double issues of debt trap and also get rid of some of the $ assets which today hang like an albatross around anybody's neck who is unlucky enough to hold them!!

So Mr Fuji (btw is it a double "ii" or a single "i"), dont listen to these economists of "growth" - because they are only looking to feather their nests - the public be damned and how does it matter if your country is also pushed into the abyss? Be the pioneer in shepherding your country through the diagnosis of deflationary doom by using this as an opportunity to pare down your mountain of debt and $ assets.

In hope of a sovereign fund action from Japan soon!!