The yen continues to rise. Market experts talk about it as a reliable and safe currency. The dollar dropped over 3% against the yen in one day today.

Here is what I see in Japan:

-- Staggering amount of government debt.
-- Approximately the lowest central bank interest rate in the entire world
-- Produces above-average quality cars and consumer electronics--reduced prospects for these in the coming recession.

To me, this screams "run away". But these are hardly secrets. Obviously there is something important I am missing--can anyone splain it to me?