Paul S. Sarbanes: “Well, it would be helpful if you could submit that to us, Mr. Chairman.”

I think the best way to do it is to have a flexible exchange rate, and that will let the market work even more.

I thank Senator Mikulski.

I mean, something's wrong with the set of policies we're pursuing, it seems to me, if we're going to have the kind of erosion in the trade balance that we have seen.

This was a decision by the Bank of Japan, the Government, not by private Japanese investors about the strength of the American economy.