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© KYODO
Japan logs record surplus for July on foreign investment returns
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Wasabi
A weak yen is not good for the long run and should not be promote.
The Nomad
Already down 20 percent because yen is 16 yen stronger and stocks are down about 20 percent except for the magnificent 7
WoodyLee
Who said the weak yen is bad for Japan ?
Back in the Bubble era the yen was trading at 145 to 155 yen / $. and everything was booming.
Agent_Neo
Those who say that a weak yen is bad for Japan have little evidence to support their argument. If the yen continues to weaken, it will be a tailwind for the Japanese economy. I hope the yen stays weak for the time being.
fxgai
How much was gold going for back in the bubble era? Oil?
Rakuraku
Agent_NeoToday 07:20 pm JST
Consumption has been very weak because of the impact of the weak JPY on inflation and consumption is 60% of Japanese economy so beyond a certain level the JPY weakness is no more a positive factor for the economy. This is why recently politician like Motegi and Kono put pressure on the BOJ to hike rate to avoid further weakening of the JOY.
YongYang
And how much of this record surplus will Jo-suzuki get? Zero. Why not use this money to build an economy for everyone, starting with a govt subsidised solar panel, wind power, drive. Wean yourself of oil as much aa possible Japan, and stop thinking of the jijis' share holdings.
proxy
If one wants to make money in Japan, invest outside of Japan.
Agent_Neo
Without the numbers to back it up, it's hard to say that consumption in Japanese society is currently declining.
The inflation rate is also pretty stable at around 2%.
The earliest the Bank of Japan will raise interest rates is September. Depending on the situation, this could be delayed even further.
It's safe to say that the benefits of a weak yen have yet to be seen.