41.   Japanese need to sell yen for other currencies to buy foreign securities such as U.S. bonds.

42.   Japanese need to sell yen for other currencies to buy foreign securities.

43.   Japanese need to sell yen for other currencies to buy securities and assets in other countries.

44.   Japanese sold yen not only against the dollar but also against other higher-yielding currencies, such as the Australian dollar, he said.

45.   Japanese investor purchases of U.S. bonds help the dollar because these investors must first sell their yen for dollars to buy the bonds.

46.   Japanese investors have sold yen for marks to invest in Germany to get higher returns on mark-denominated assets, such as government bonds.

47.   Japanese investors must sell yen for dollars needed to purchase the securities.

48.   Japanese investors must sell yen for dollars to purchase the U.S. securities.

49.   Japanese investors need to sell yen for other currencies to invest abroad.

50.   Japanese investors sell yen to get the foreign currency they need to buy overseas securities.