if you don't know much about japan, what is fascinating right now is that the japanese yen (their currency) is facing massive devaluation. this sounds like a terrible thing because it makes their currency far weaker, but in fact it is the result of their banks not completely jewing them and ours jewing us. >  2024/4/30/why-is-japans-yen-so-weak -against-the-us-dollar the japanese central bank sets the interest rate at 0-0.1%. in comparison, our fed sets it at 5.25-5.50% why does japan do this even though it means their currency is weaker overseas? because it means japanese citizens can get loans, start businesses, get mortgages and not instantly be debt slaves for life. it results in their currency being weaker overseas, so most japanese people take their holidays in the country and invest in japanese products and businesses due to the higher buying power they have not having to convert currencies. of course (((internationals))) have been kvetching about this and pressuring the japanese bank to increase the interest rates, but they have maintained the staggeringly low interest in a policy designed to break out of economic stagnation.  pretty amazing what happens when you live in a society run by people just like you who realize its better to give their own people a chance rather than rob and pillage via usury.
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