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https://boards.fool.com/i-think-they-hope-that-a-falling-yen-will-allow-16874226.aspx
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| Subject: Re: Japan It's Over | Date: 3/11/2002 3:46 AM | |
| Author: jono202 | Number: 3787 of 6186 | |
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I think they hope that a falling yen will allow their goods to become cheaper and therefore easier to sell on the world markets - this in turn will kick start their economy. Yep I'm sure thats what some see as a solution, but reality bites, Japan of cause is a huge importer of raw materials & a lower yen means they pay more for those raw materials. Kind of a catch 22 if you ask me. Maybe a low yen would act as a spur if they had no need to import nearly everything(raw materials) but as thats not the case I have trouble accepting the low yen theory. JR |
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