So far, the Bank of Japan has pumped up the base money supply (along with expectations) and the yen has fallen 20 percent relative to the dollar since September.
He retells the terrible siege of Dien Bien Phu earlier that spring, when the North Vietnamese commander, Vo Ngu-yen Giap, made thousands of porters drag artillery into the hills surrounding a French base, from where they pounded the foreign army.