ebrahim rahbari is our guest right now. is a bigger constraint -- his willingness or capacity to do so? ebrahim: i think for right now, he is at pains to stress they have lots of scope to expand policy, so it is a choice. scarlet: his willingness? do you expect a halloween surprise? ebrahim: i do not expect a surprise, but it's a question of when, not if. sometime before the next spring negotiation they will have two respond. last few years, we have seen incredible weakness from the yen. from less than 80, to about $1.21 to the dollar. in this environment, does yen weakening help to boost trade? it actuallysay doesn't do very much. the weakening of the currency is a minimal effect on the trade. where do you come down on that? ebrahim: somewhere in the middle, unhelpfully, if you like. we see these policies being pursued with some payoff both on the inflation side and on relativity. in cases like japan where we see these big depreciation, these effects are short lasting. the mothereryone and uses the yen for their carry trade