A question from a trade-theory neophyte: How, these days, does the mainstream argue that Japanese trade surpluses continue to persist? Isnt' there supposed to be an exhange rate mechanism to eliminate them? _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Eban Goodstein email: [EMAIL PROTECTED] Department of Economics phone: 503-768-7626 Lewis and Clark College fax: 503-768-7379 Portland, OR 97219
