Some would argue that the Japanese are getting into a tight corner. I think their debt-to-GDP ratio at this point is 237%. Their currency is being affected by that. Wouldn't you agree that a policy that doesn't manipulate the dollar, that doesn't lead to those interest rates—we're talking about negative interest rates in Japan today—is a better policy? Won't that in the long run benefit us and make us more competitive with countries like Japan?
On March 8th, 2016. See this statement in context.