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© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Asian shares slip and the yen weakens against the dollar
By ELAINE KURTENBACH HONG KONG©2024 GPlusMedia Inc.
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garypen
The yen is back to over 146 to the dollar. Good for those of us with dollar-based incomes, and companies with export-based revenue. But, I worry about the average Joes and their families. Japan relies so much on imported goods, especially energy. Combined with the low wages, it's a recipe for reduced quality-of-life.
DanteKH
The Yen will never recover to its value from 4 years ago ~100 for 1$.
Sadly the Economy is no longer powerful enough to sustain the current currency. Japan lost 2nd place in front of China in 2010, then 3rd place of Germany in 2023, while next year will be passed by India. Japan is losing its power and influence fast, and that can be seen day by day by worsening living condition, galopant inflation that bring price increases every 3 or 4 months, huge tax increases, etc, etc
Fiddlers
Another clueless leader for Japan.
GillislowTier
Other countries and investors ain’t dumb. The positive swings at a new admin are just them being nice, soon as the new administration says “and we won’t change much from the past administration! Don’t worry!” Markets know they have no reason to not go against the yen aggressively and get their money. Not a vicious cycle just a common sense one
iron man
I try to avoid direct geopolitical events from my securities decisions, I recall walking thru a Shinjuku park adjacent to to the hyatt regency ~ 2000\2001 packed with tents, but the occupants not happy to receive food boxes. Strangely enough I unintentionally made a nice profit from my wallet notes a few years later. Japan was aligned very differently then, okit dropped (as all nations) did then the populations got employed again. Too much focus on vehicle turnover, not enough focus on more friendly public transport. How many of you truly need a personal transporter. Gov needs to change the current manufacturing reliables?
bo
Japan is dying ,literally oldies are, also the economy and just about everything else is as well .People try to hang on to the past but really its done ,and the new generation are clueless ,just a bunch of molly coddled spoilt brats
garypen
Yen back to almost ¥149/USD. That was a short honeymoon.
kurisupisu
Watch the tv in Japan and it will reflect the economic hardship and loss of direction in the country:slots on ramen,abandoned country houses,100 yen shops, littering foreigners,food carrying foreigners at airports etc.
It’s all a bit depressing…
TaiwanIsNotChina
Food carrying foreigners is a sign of the end times for you?