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Tokyo stocks end lower for 4th day on persistent U.S. rate concerns

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Does Japan use Gold to back its currency?

That's pretty funny. Japan's money supply is in the trillions. Where is going to get all that gold?! LOL.

In GDP per capita Japan has fallen to the 28 th rank. 

That doesn't matter much. Ireland, for example, has one of the world's highest GDP per capita, over 100K, and around 70 percent of its university graduates and other young adults want to emigrate because they can't afford living there.

GDP is not a good measure of economic health. It's simply a measure of output.

-1 ( +1 / -2 )

justaskingOct. 3 05:30 pm JST

The Japanese Government is hoping the American Interest rates drop and so they don't have to do nothing as their regular norm and just talk a good talk. Unfortunately, the American government is even a worse mess than Japan, and I don't see this changing at all for a VERY LONG while. So, we are going to be stuck with a weak yen for a long time to come, too, because the Japanese government is NOT GOING TO CHANGE their interest rate policy.

So you might actually be right that the American government is a mess. My question for you is: how does that matter f all for the US economy which will decide where the interest rates go? The Fed is not hamstrung in its ability to make interest rate decisions.

-1 ( +0 / -1 )

Are you joking? It’s not at all a hot economy. 

Keep living in fantasy world

The US economy is doing good what fantasy world are you living in?

-1 ( +1 / -2 )

Yen drops to ¥150/$

1 ( +3 / -2 )

I may well be leaving soon. Enough is enough.

Honestly a good call, that’s what I did. When you take into account stagnant wages, increasing inflation and the dropping value of the yen it’s really hard to find a reason to stay

-2 ( +2 / -4 )

¥200/$1 by within a few months, guaranteed, and Japan ranked 7th economy in the world by 2030, with no new kids, only elderly, etc. Good luck, peeps! I may well be leaving soon. Enough is enough.

In GDP per capita Japan has fallen to the 28 th rank. No wonder many people feel poorer and poorer.

0 ( +3 / -3 )

WhiskeyNCigarsOct. 3  09:48 pm JST

Does Japan use Gold to back its currency?

Unfortunately , I do not think that any country backs it’s money with gold anymore since Nixon stop the convertibility of the USD to gold in 1971. The only value of a currency is commitment of the government which issues it.

3 ( +4 / -1 )

And maybe the BOJ should stop trying to lick the junk of the US in an attempt to make the exporters here richer. This new jackass in the BOJ... come on... what's the first thing he did? "As my first act in as Bank of Japan head, I'm going to do nothing but follow what the last BOJ head did!"

-10 ( +0 / -10 )

¥200/$1 by within a few months, guaranteed, and Japan ranked 7th economy in the world by 2030, with no new kids, only elderly, etc. Good luck, peeps! I may well be leaving soon. Enough is enough.

-9 ( +1 / -10 )

Does Japan use Gold to back its currency?

-1 ( +1 / -2 )

The US fed is about two to five months behind the rate increases and now they are behind again to lower the rates.

1 ( +1 / -0 )

WhiskeyNCigarsToday  05:23 pm JST

The U.S is in a recession they just keep denying it and to be honest it’s not good for the rest of the world’s markets.

Looking at bond yield move is the best way to know about the strength of an economy. The recent sharp move up of the bond yield proves that the US economy is not in a recession at all. If anything it is overheating.

1 ( +2 / -1 )

Again?!?

0 ( +0 / -0 )

“US economy is so hot, “

Are you joking? It’s not at all a hot economy.

Keep living in fantasy world

1 ( +3 / -2 )

the U.S is in a recession they just keep denying it 

If that were true, then US rates would have dropped by now. The reason the Fed is keeping rates high is because the US economy is so hot, particularly the labor market.

I'm hoping for a US recession, being a yen-wage earner.

-1 ( +3 / -4 )

The Japanese Government is hoping the American Interest rates drop and so they don't have to do nothing as their regular norm and just talk a good talk. Unfortunately, the American government is even a worse mess than Japan, and I don't see this changing at all for a VERY LONG while. So, we are going to be stuck with a weak yen for a long time to come, too, because the Japanese government is NOT GOING TO CHANGE their interest rate policy.

4 ( +4 / -0 )

I would care about this but unfortunately my trading company back in the states closed my account because I live here now and I no longer have a home of record in the states.

The U.S is in a recession they just keep denying it and to be honest it’s not good for the rest of the world’s markets.

1 ( +4 / -3 )

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