View previous topic :: View next topic |
Author |
Message |
stumptowny
Joined: 29 May 2011 Posts: 310
|
|
Back to top |
|
 |
ssjup81
Joined: 15 Jun 2009 Posts: 664 Location: Adachi-ku, Tokyo, Japan
|
Posted: Thu May 30, 2013 12:48 pm Post subject: |
|
|
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. |
|
Back to top |
|
 |
Rooster.
Joined: 13 Mar 2012 Posts: 247
|
Posted: Thu May 30, 2013 3:34 pm Post subject: |
|
|
Shouldn't it be "rising over 100" not "dropping under 100"? The Yen to dollar (or other currency) is getting worse. |
|
Back to top |
|
 |
Solar Strength
Joined: 12 Jul 2005 Posts: 557 Location: Bangkok, Thailand
|
Posted: Thu May 30, 2013 4:15 pm Post subject: |
|
|
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! |
|
Back to top |
|
 |
rxk22
Joined: 19 May 2010 Posts: 1629
|
Posted: Fri May 31, 2013 1:45 am Post subject: |
|
|
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 |
|
Back to top |
|
 |
stumptowny
Joined: 29 May 2011 Posts: 310
|
Posted: Fri May 31, 2013 3:25 am Post subject: Re: Abenomics flailing?? Lets hope so.. |
|
|
[quote="stumptowny"]if you transfer money out of japan, lower is something to cheer about.. [/quote]
pretty straight forward... |
|
Back to top |
|
 |
teacher4life
Joined: 22 Apr 2012 Posts: 121
|
Posted: Fri May 31, 2013 7:08 am Post subject: |
|
|
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. |
|
Back to top |
|
 |
Solar Strength
Joined: 12 Jul 2005 Posts: 557 Location: Bangkok, Thailand
|
Posted: Fri May 31, 2013 7:24 am Post subject: |
|
|
It was a better day today for those teachers who send money home.
97.7 yen to the dollar right now. |
|
Back to top |
|
 |
rxk22
Joined: 19 May 2010 Posts: 1629
|
Posted: Fri May 31, 2013 10:51 am Post subject: |
|
|
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 |
|
Back to top |
|
 |
Solar Strength
Joined: 12 Jul 2005 Posts: 557 Location: Bangkok, Thailand
|
Posted: Fri May 31, 2013 12:58 pm Post subject: |
|
|
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. |
|
Back to top |
|
 |
Inflames
Joined: 02 Apr 2006 Posts: 486
|
Posted: Fri May 31, 2013 1:59 pm Post subject: |
|
|
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. |
|
Back to top |
|
 |
qwertyu2
Joined: 13 Mar 2012 Posts: 93
|
Posted: Fri May 31, 2013 4:32 pm Post subject: |
|
|
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. |
|
Back to top |
|
 |
Rooster.
Joined: 13 Mar 2012 Posts: 247
|
Posted: Fri May 31, 2013 5:56 pm Post subject: |
|
|
About eight hours ago it was 101.1 yen to the dollar. |
|
Back to top |
|
 |
rxk22
Joined: 19 May 2010 Posts: 1629
|
Posted: Sat Jun 01, 2013 3:21 am Post subject: |
|
|
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 |
|
Back to top |
|
 |
rxk22
Joined: 19 May 2010 Posts: 1629
|
Posted: Sat Jun 01, 2013 3:25 am Post subject: |
|
|
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? |
|
Back to top |
|
 |
|