{"id":1146,"date":"2008-11-21T09:04:33","date_gmt":"2008-11-21T13:04:33","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=1146"},"modified":"2008-11-21T09:06:07","modified_gmt":"2008-11-21T13:06:07","slug":"japan-economists-call-for-obama-bonds","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2008\/11\/21\/japan-economists-call-for-obama-bonds\/","title":{"rendered":"Japan economists call for &#8216;Obama bonds&#8217;"},"content":{"rendered":"<p>One way to lessen the impact of borrowing from foreign countries is to foster a weak dollar.\u00a0 In essence we borrow today with a strong dollar and pay back in the future with a weak dollar.<\/p>\n<p>The first queston that comes to mind is why any sane foreign country would put up with a plan like this?<\/p>\n<p>The answer appears in the above named <a title=\"Asia Times article\" href=\"http:\/\/www.atimes.com\/atimes\/Japan\/JK19Dh01.html\" target=\"_blank\"><strong>article in the Asia Times<\/strong><\/a>.<\/p>\n<p>Ok, the butler did it.<\/p>\n<blockquote><p>Faced with the unprecedented growth of the US budget deficit and the prospect  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tof an increasingly weaker dollar compared with the yen reducing the value of  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTreasury debt held by Japan, economists in Tokyo are calling for the  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tadministration of president-elect Barack Obama to issue US Treasuries  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdenominated in yen and other currencies. The issuance of foreign  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tcurrency-denominated US Treasures would reduce the perceived risk of holding  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tthe debt.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>One way to lessen the impact of borrowing from foreign countries is to foster a weak dollar.\u00a0 In essence we borrow today with a strong dollar and pay back in the future with a weak dollar. The first queston that comes to mind is why any sane foreign country would put up with a plan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-1146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=1146"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1146\/revisions"}],"predecessor-version":[{"id":1148,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1146\/revisions\/1148"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=1146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=1146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=1146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}