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Abenomics flailing?? Lets hope so..
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stumptowny



Joined: 29 May 2011
Posts: 310

PostPosted: Thu May 30, 2013 10:47 am    Post subject: Abenomics flailing?? Lets hope so.. Reply with quote

if you transfer money out of japan, and want favorable exchange rates, the yen dropping down under 100 and taking its rightful position even lower is something to cheer about..

http://money.cnn.com/2013/05/30/investing/japan-nikkei/index.html?hpt=hp_t3
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ssjup81



Joined: 15 Jun 2009
Posts: 664
Location: Adachi-ku, Tokyo, Japan

PostPosted: Thu May 30, 2013 12:48 pm    Post subject: Reply with quote

So that means that if I exchange yen to dollars now I'd get a good rate for it or is it the other way around? In all honesty this has always confused me.
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Rooster.



Joined: 13 Mar 2012
Posts: 247

PostPosted: Thu May 30, 2013 3:34 pm    Post subject: Reply with quote

Shouldn't it be "rising over 100" not "dropping under 100"? The Yen to dollar (or other currency) is getting worse.
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Solar Strength



Joined: 12 Jul 2005
Posts: 557
Location: Bangkok, Thailand

PostPosted: Thu May 30, 2013 4:15 pm    Post subject: Reply with quote

Rooster,

Yeah, the OP isn't wrong but like most even teachers tend to confuse this.
For some reason exchange rates tend to get confusing.

90 Yen for a dollar - good!

120 Yen for a dollar - BAD!
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rxk22



Joined: 19 May 2010
Posts: 1629

PostPosted: Fri May 31, 2013 1:45 am    Post subject: Reply with quote

Except for paying off your loan, what is an expensive yen good for?

Not that it will fix Japan, but a cheaper yen is good for an export orientated economy such as Japan's
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stumptowny



Joined: 29 May 2011
Posts: 310

PostPosted: Fri May 31, 2013 3:25 am    Post subject: Re: Abenomics flailing?? Lets hope so.. Reply with quote

[quote="stumptowny"]if you transfer money out of japan, lower is something to cheer about.. [/quote]

pretty straight forward...
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teacher4life



Joined: 22 Apr 2012
Posts: 121

PostPosted: Fri May 31, 2013 7:08 am    Post subject: Reply with quote

rxk22 wrote:
Except for paying off your loan, what is an expensive yen good for?

Not that it will fix Japan, but a cheaper yen is good for an export orientated economy such as Japan's


Exports account for less than 15% of Japan's economy.
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Solar Strength



Joined: 12 Jul 2005
Posts: 557
Location: Bangkok, Thailand

PostPosted: Fri May 31, 2013 7:24 am    Post subject: Reply with quote

It was a better day today for those teachers who send money home.

97.7 yen to the dollar right now.
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rxk22



Joined: 19 May 2010
Posts: 1629

PostPosted: Fri May 31, 2013 10:51 am    Post subject: Reply with quote

Solar Strength wrote:
It was a better day today for those teachers who send money home.

97.7 yen to the dollar right now.


True. But the BOJ doesn't care about ALTs private debt
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Solar Strength



Joined: 12 Jul 2005
Posts: 557
Location: Bangkok, Thailand

PostPosted: Fri May 31, 2013 12:58 pm    Post subject: Reply with quote

rxk22 wrote:
Solar Strength wrote:
It was a better day today for those teachers who send money home.

97.7 yen to the dollar right now.


True. But the BOJ doesn't care about ALTs private debt


I thought that the BOJ only cared about ALT's private debt. That's why I posted the info. I think my BOJ really cares. I hope that you can, too.
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Inflames



Joined: 02 Apr 2006
Posts: 486

PostPosted: Fri May 31, 2013 1:59 pm    Post subject: Reply with quote

rxk22 wrote:
Except for paying off your loan, what is an expensive yen good for?

Not that it will fix Japan, but a cheaper yen is good for an export orientated economy such as Japan's


Japan imports quite a bit. Most food needs and all of Japan's energy needs are met by imports, which are now a lot more expensive (25% of so).

The fact that Japan's economy has been export-driven has meant years of trouble as other places have proven themselves able to manufacture electronics more cheaply than Japan. Korean groups have been designing and producing high-quality products for some time, and this is a huge problem for Japan.

Abenomics is doomed to fail because it does nothing to increase the birthrate, something that is desperately needed to turn around the economy.
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qwertyu2



Joined: 13 Mar 2012
Posts: 93

PostPosted: Fri May 31, 2013 4:32 pm    Post subject: Reply with quote

Solar Strength wrote:
It was a better day today for those teachers who send money home.

97.7 yen to the dollar right now.

That number does not look right. The USD/JPY rate (buying dollars with yen) has been up over 100 since early May.

As important as the exchange rate is to me, the real question for Abenomcis is whether they can stimulate inflation while keeping a handle on interest rates. If not, the cost of servicing government debt is going to sink them.
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Rooster.



Joined: 13 Mar 2012
Posts: 247

PostPosted: Fri May 31, 2013 5:56 pm    Post subject: Reply with quote

About eight hours ago it was 101.1 yen to the dollar.
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rxk22



Joined: 19 May 2010
Posts: 1629

PostPosted: Sat Jun 01, 2013 3:21 am    Post subject: Reply with quote

Inflames wrote:
rxk22 wrote:
Except for paying off your loan, what is an expensive yen good for?

Not that it will fix Japan, but a cheaper yen is good for an export orientated economy such as Japan's


Japan imports quite a bit. Most food needs and all of Japan's energy needs are met by imports, which are now a lot more expensive (25% of so).

The fact that Japan's economy has been export-driven has meant years of trouble as other places have proven themselves able to manufacture electronics more cheaply than Japan. Korean groups have been designing and producing high-quality products for some time, and this is a huge problem for Japan.

Abenomics is doomed to fail because it does nothing to increase the birthrate, something that is desperately needed to turn around the economy.



Here is my question, that no one ever answers; why does Japan need such a large pop? If it were at a SUSTAINABLE pop at 60-80 million, then it7s imports of foods and energy would be greatly reduced. While their ability to export, would not be changed at all.


While Abenomics is a short term boost, that will help out some of the Walking Dead companies, it won't fix anything long term. I am looking at you massive public debt.
If Japan, can pay down it7s debt, and allow it's pop to fall to a more sustainable level, then it will be ok. It cant maintain it's status now, esp with China's rise. It will have to settle for being a bigger Taiwan.

And again, the fact that the Yen went above 100 to the dollar, means that Toyota's profit margin went up 70%. So to all the people crying about it hurting the servicing of their loans, knock it off, it's great for business, as for now
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rxk22



Joined: 19 May 2010
Posts: 1629

PostPosted: Sat Jun 01, 2013 3:25 am    Post subject: Reply with quote

qwertyu2 wrote:
Solar Strength wrote:
It was a better day today for those teachers who send money home.

97.7 yen to the dollar right now.

That number does not look right. The USD/JPY rate (buying dollars with yen) has been up over 100 since early May.

As important as the exchange rate is to me, the real question for Abenomcis is whether they can stimulate inflation while keeping a handle on interest rates. If not, the cost of servicing government debt is going to sink them.


Yeah, 2% is gold, anything above that, is doom.
What is the current inflation rate btw?
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