1.   A Japanese bureaucrat, Eisuke Sakakibara, with strong influence over the currency markets was appointed vice finance minister for international affairs.

2.   Fear of such a deflationary spiral is one reason that Japanese bureaucrats, while espousing deregulation, are hesitant to disband all barriers and let imports flood in.

3.   Fujita also said that the ohkuwagata market was too small for Japanese bureaucrats to worry about.

4.   Japanese bureaucrats and politicians, including the elite at the Ministry of Finance, continue to be in deep denial.

5.   Japanese bureaucrats feel the same, only more so.

6.   Japanese bureaucrats have been extremely good at administrative tinkering to stay the course they set out in the immediate postwar period.

7.   Japanese bureaucrats want to use the FedEx dispute to renegotiate the treaty.

8.   Japanese bureaucrats essentially answer to no one, not the Cabinet ministers, not the prime minister and not the party leaders.

9.   Powerful Japanese bureaucrats believe that Japan can continue to run up gargantuan trade surpluses and avoid opening their markets.

10.   Squeeze them hard enough and they will get the right message to the right Japanese bureaucrat.