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rxk22
Joined: 19 May 2010
Posts: 1629
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 Posted: Tue Mar 26, 2013 1:02 pm Post subject: |
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| Solar Strength wrote: |
| rxk22 wrote: |
| You realize that the yen=80 cents |
You mean, 80 Yen = US $1. |
lol yeah
100 to $1 is fair imho. And was pretty much the norm |
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Pitarou
Joined: 16 Nov 2009
Posts: 1116
Location: Narita, Japan
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| Posted: Fri Mar 29, 2013 1:19 am Post subject: |
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| rxk22 wrote: |
| How is this new trade treaty going to affect Japan? Anyone have some details on the actual trade deals? |
No. They're being negotiated in secret. |
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teacher4life
Joined: 22 Apr 2012
Posts: 121
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| Posted: Mon Apr 08, 2013 12:44 am Post subject: |
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| YEN COLLAPSE IMMINENT! SELL YOUR YEN TODAY, EVEN IF YOU HAVE TO BUY ZIMBABWE DOLLARS! |
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teacher4life
Joined: 22 Apr 2012
Posts: 121
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| Posted: Fri May 10, 2013 6:50 am Post subject: |
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| 101, screaming eagles! |
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timothypfox
Joined: 20 Feb 2008
Posts: 492
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| Posted: Sat May 11, 2013 1:41 am Post subject: |
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| It's being artificially manipulated and it would not be accurate to say "It's collapsing." But, it is going to likely become increasingly impossible to send money back home to pay off student loans as the Bank of Japan aggressively pursues its target of US dollar = 120 yen. |
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teacher4life
Joined: 22 Apr 2012
Posts: 121
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| Posted: Sat May 11, 2013 6:16 am Post subject: |
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| timothypfox wrote: |
| It's being artificially manipulated and it would not be accurate to say "It's collapsing." But, it is going to likely become increasingly impossible to send money back home to pay off student loans as the Bank of Japan aggressively pursues its target of US dollar = 120 yen. |
What makes you think the BoJ is targeting 120?
The J-government seems to think it can essentially control the exchange rate by stopping the drop whenever it wants to by making a mere announcement to that effect. I strongly urge you to see that it cannot do that. There are too many variables, such as Chinese boycotts of key Japanese exports, the price of oil, fierce competition from Korea/Taiwan/Singapore, Japan entering into TPP negotiations with a weak hand, and growing need to spend on military upgrades. Let's also not forget that when it really starts to fall, Japanese will look to the American dollar and US treasuries as safe havens to wait it out, which will help keep US interest rates low without too much more excessive help from the FED, so Uncle Sam actually has a vested interest in seeing the yen fall!
In short, there is rhyme and reason behind the drop in the yen, you best dump ALL of your yen now, next week may be too late. |
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Black_Beer_Man
Joined: 26 Mar 2013
Posts: 453
Location: Yokohama
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| Posted: Sun May 12, 2013 12:11 am Post subject: |
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Look at the bright side. At least you're getting a better exchange rate than your friends teaching in Korea. They're getting 90 cents U.S. for every 1000 Won.
When I was there 8 years ago, it was $1.10 for every 1000 Won.
Hopefully, the Yen stops its fall at $1 for 100 Yen. |
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teacher4life
Joined: 22 Apr 2012
Posts: 121
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| Posted: Sun May 12, 2013 2:28 am Post subject: |
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| Black_Beer_Man wrote: |
Hopefully, the Yen stops its fall at $1 for 100 Yen. |
Not gonna happen, BoJ was given the green light so to speak by not being complained about just yesterday. 104 on Monday, 130 by end of summer. |
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Black_Beer_Man
Joined: 26 Mar 2013
Posts: 453
Location: Yokohama
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steki47
Joined: 20 Apr 2008
Posts: 1029
Location: BFE Inaka
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| Posted: Sun May 12, 2013 10:39 am Post subject: |
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Similar to Japan, I am also on the export side of things. This falling yen can help my Ebay business.
Sucks for overseas travel, though. |
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rxk22
Joined: 19 May 2010
Posts: 1629
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| Posted: Mon May 13, 2013 2:40 am Post subject: |
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| teacher4life wrote: |
| Black_Beer_Man wrote: |
Hopefully, the Yen stops its fall at $1 for 100 Yen. |
Not gonna happen, BoJ was given the green light so to speak by not being complained about just yesterday. 104 on Monday, 130 by end of summer. |
that's where it needs to be 115 or so to the dollar. Other wise it's just too expensive to do buainess in Japan. Yeah parting off your student loans is going to suck, but the rest of the economy will do much better |
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teacher4life
Joined: 22 Apr 2012
Posts: 121
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| Posted: Mon May 13, 2013 4:01 am Post subject: |
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| rxk22 wrote: |
| but the rest of the economy will do much better |
I wouldn't count on it. Japan is being eaten alive by competition from S Korea, Taiwan, Singapore, even Malaysia to some extent, and of course China. In terms of quality, S Korea and Singapore are already at parity with Japan.
Other places are not far behind either (such as Taiwan's semiconductor industry). To compete in terms of wages with other Asian countries the yen would have to lower to about 250 to the US dollar, and of course nobody is going to stand for that; the result will be a hot war.
Again, the J-government seems to be making the critical mistake of thinking they can stop the yen's fall at any time. |
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rxk22
Joined: 19 May 2010
Posts: 1629
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| Posted: Tue May 14, 2013 3:15 am Post subject: |
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| True the other Asian tigers are mostly caught up. Thing is, an expensive yen is unsustainable. The economy would collapse a lot faster. They can stop the devaluation, but deflation is likely the result |
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teacher4life
Joined: 22 Apr 2012
Posts: 121
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| Posted: Tue May 14, 2013 4:26 am Post subject: |
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| rxk22 wrote: |
| True the other Asian tigers are mostly caught up. Thing is, an expensive yen is unsustainable. The economy would collapse a lot faster. They can stop the devaluation, but deflation is likely the result |
An expensive yen is unsustainable for who? When you say "the economy" do you mean Japan's or the world's?
Is deflation really a bad thing for Taro Q. Salaryman, who doesn't even own his own home? Think a bit more deeply about who benefits and who suffers if there is deflation in Japan. |
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rxk22
Joined: 19 May 2010
Posts: 1629
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| Posted: Tue May 14, 2013 10:37 am Post subject: |
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I mean for Japan. As it makes exporting impossible. For autos only the Mazda CX-7 is profitable when the yen is under 80 to the dollar. It makes it so that Japan is unable to be competative. Besides south Korea has made their won cheap for years giving them a great advantage.
Deflation is a terrible thing. It's never good for an economy. Don't see its benefits outside of the fact that people can go overseas for cheap. Keeps consumption and investment down. |
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