david roche is still with us from independent strategy. david, a surprise unemployment.one month day tarks but total unemployment dropping, and the claimant count dropping as well. >> yeah, it is quite a surprise really. i don't know if it is a one-month blip. i'm not close enough to the data, and i haven't seen the details, but it seems to me like, you know, the uk is an economy which is going to get the benefit of the doubt. if anyone can give the benefit of the doubt, and this figure will give it the benefit of the doubt because it's seen to be at least slowly grinding its way, at least if not out of recession, not deeper into recession like the rest of europe. it will retain its safe haven status. what it's going do is make it less likely you're going to get more out of the bank of england. generally in a rather dark day, this is a glimmer of light. >> david, do you think this does empower the hawks on the bank of england who would prefer not to do more quantitative easing and is concerning the fragility of the economy overblown? >> well, i don't think concerns about

and speaking on "worldwide exchange" yesterday, david roche says he doesn't think the yen is a safe haven yen is a safe haven is about the most unsafe safe haven i've ever heard of. >> and on that note, let's bring in former vice finance hin ser minister of japan, used to be known as dr. yen. you heard his assessment there. figures make the greece numbers hook like high school. >> it is true japan has a very high debt ratio. however, you have to look at the value sheets. household financial assets is about 240% of the gdp which far exceed government debt. so we don't have the financial crisis and we will pot have the financial crisis for several yea years. >> never or just not for a while? >> pardon? we'll not have a financial crisis for four, five years. >> either you have a debt problem or you're going to have a bigger currency problem. so how do you stop the xwryen f strengthening? >> 1.80 is not a problem for the japanese exporting companies. most of the japanese companies like toyota can survive at $1.80. >> you've got serial devalue, dollar, euros, sterling, indebted nations. and we