Asian shares sink after pandemic news

Then why is the Yen so strong with this aged society and no way will ever be the number one economy in the world. 40 % of worker are part times. Eventually the whole workforce will be. Sure glad I am collecting my Japanese pension now rather than twenty years down the road.

The tortoise can be so much smarter than the hare. Here in Japan, the long suffering plebs with their average 20 million yen socked away in near zero interest deposit accounts are doing mightily. Flush with hoarded cash, Japan Inc is hungrily eyeing the sudden opportunity to get a whole lot more bang for its investment buck in places like Australia where stocks are off 30% and the yen is 30% more valuable against the Aussie dollar than a couple of years ago. This is how Co-Prosperity Spheres get made.

@Oyatoi. I have 20,000,000 in a bank account but it is not near zero at all on percent. It is actually zero.

Don't you just love it when some people go around boasting about how much better off they are than you...

reminds me of this:

https://www.youtube.com/watch?v=ULeDlxa3gyc

The new recession is "Made in the USA"! It came right after the president's speech on Wednesday that was later contradicted by WH officials.

Don't you just love it when some people go around boasting about how much better off they are than you...

reminds me of this:

https://www.youtube.com/watch?v=ULeDlxa3gyc

They both sound pretty lonely!

Then why is the Yen so strong with this aged society...

Because Japan is the world's largest creditor nation and it holds - and thus controls - its own debt. Don't believe all that malarkey about "aged society." Countries with the highest socio-economic indicators nearly all have aging populations. The countries with bursting young populations, by contrast, are among the most desperate and impoverished.