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Art_from_Ark

(27,247 posts)

3. It's far more complicated than that

Reply to naaman fletcher (Reply #2)

Fri Apr 27, 2012, 09:19 AM

Apr 2012

Read my post #1. Since 1971, the yen has appreciated in value against the dollar by 451%. No other export-oriented country in the post-war era has had to deal with that kind of foreign exchange handicap. Also, several Japanese banks *have* failed in the past 25 years, among them Hokkaido Takushoku Ginko, Nihon Choki Shinyo Ginko, and Nihon Saiken Shinyo Ginko, and Ashikaga Ginko was nationalized for a while in 2003. Having more banks fail in Japan isn't going to do a damn thing to help the economy. However, getting the yen back to around 100 per dollar will do a lot to help Japan's export industries.

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Bank of Japan announces fresh stimulus to boost growth [View all] alp227 Apr 2012 OP

Japanese exports are hurting because the yen is too strong Art_from_Ark Apr 2012 #1

to be fair, naaman fletcher Apr 2012 #2

It's far more complicated than that Art_from_Ark Apr 2012 #3

well, naaman fletcher Apr 2012 #4

You really should learn more about the situation here in Japan Art_from_Ark Apr 2012 #5

Interesting, thanks. Nt naaman fletcher Apr 2012 #6

Take a look at the link I posted Art_from_Ark Apr 2012 #7

Why can't they be more like Americans and not save anything? Snake Alchemist Apr 2012 #8