Can you elaborate, I didn’t understand, since I don’t know what happened with the yen in the 80s.

Also am reading that some Chinese senior officials would like to diversify out of the USD. Are Chinese concerned about the fallout to the Chinese economy as we enter our recession, as the American consumer cuts back drastically on spending in the next few years. Remember, the only way we could afford to buy all those Chinese goods if from home equity withdrawals. That game is over, and the last trickles of refinancings are now going on. March sales among US retailers was disappointing. What do you feel/read over in China about all this?