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Should Japan try to prop up the yen?

16 Comments

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16 Comments
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A weak yen benefits me personally so I'm happy to see it drop to 200 to the $ and keep going. However, that would be exceedingly selfish and not good for Japan, So Japan should prop up the yen. Hopefully overseas interest rates will come down and ease the pressure on the poor yen.

9 ( +10 / -1 )

No. I want to maximize my UK state pension when I convert it to yen! 250 yen to the pound, please!

-13 ( +2 / -15 )

No! ! Since Japan has continued to support the strong yen, Japan's sacrifices have probably been enough.

At one point, the dollar was around 80 yen, but it was even worse than it is now. The strong yen can be blamed for the poor performance of the Japanese economy so far, so the yen should remain weak for the time being.

I am now very profitable both as a company and as an individual.

Please return it to 1 dollar = 360 yen! lol

-8 ( +1 / -9 )

This depends on how much of the recent moves is speculation. I suspect it is quite a lot.

If you think markets price things correctly, please read about 2008 and don't ask for a bailout next time.

2 ( +2 / -0 )

@David Brent.

Brexit took Sterling down 25%. It won't go back up. Your state pension will be wretched now, just like mine.

A strong currency is good for citizens, as everything is traded in USD. The higher your currency, the cheaper stuff is for you.

There is no point in Japan attempting to prop up the Yen. Use the money and better policies to improve the economy of Japan and the lives and opportunities of the people in it. As Japan improves, the currency will go up.

Also, the USD is inflated at the moment. It may decline in the future due to future USG policies or internal civil strife.

4 ( +6 / -2 )

That's like asking an impotent man if he should use viagra. Of course yes.

2 ( +5 / -3 )

no, because it’s treating a symptom rather than fixing the root cause, which is other bad policies

3 ( +3 / -0 )

Oh boy. Probably should have raised interest rates to 2 or 3 percent.

0 ( +1 / -1 )

GBR48May 2 10:53 pm JST

Also, the USD is inflated at the moment. It may decline in the future due to future USG policies or internal civil strife.

You: Surely after 80 years of financial dominance, this year will be the year the US collapses. Hope springs eternal I guess.

0 ( +1 / -1 )

intervention is good for about 30 minutes.

1 ( +3 / -2 )

Didn't they try a week or so ago and hey massively failed?

-1 ( +2 / -3 )

Trump asked Aso to strengthen the yen.

0 ( +2 / -2 )

Surely after 80 years of financial dominance, this year will be the year the US collapses. Hope springs eternal I guess.

Surely after (fill in a number) years of dominance, this year will be the year the (fill in an empire) collapses. Hope springs eternal I guess.

This has been said before every empire collapses. And so far, not a single empire in history has not collapsed after following the same path as the US. It's fantastical to believe that the US will somehow be immune to the same fate that all empires suffer. Like believing you will live forever because you have lived long.

So far as the yen, propping it up is pointless and a waste. Fundamental policy changes are needed.

-1 ( +1 / -2 )

@Garthgoyle: Define failure. If the short term gain is scare speculators off taking it beyond 160 short term, and past the last FOMC meeting which was not good news for the Yen then they have succeeded for the moment.

Longer term, I hope for the same as Mr. Kipling. 125-140 should keep everybody happy.

-1 ( +0 / -1 )

When you lost the lead in ALL major industries, including IT and Technology, sadly, there is no recovering for the Japanese Yen. The corrupt dinosaurs from the Government are too incompetent to realize this and too provide any good measures for recovering of the Economy. As long as people here still vote for LDP, things are only going to get worst.

-1 ( +0 / -1 )

commanteerMay 3 09:09 pm JST

Surely after 80 years of financial dominance, this year will be the year the US collapses. Hope springs eternal I guess.

Surely after (fill in a number) years of dominance, this year will be the year the (fill in an empire) collapses. Hope springs eternal I guess.

This has been said before every empire collapses. And so far, not a single empire in history has not collapsed after following the same path as the US. It's fantastical to believe that the US will somehow be immune to the same fate that all empires suffer. Like believing you will live forever because you have lived long.

The Roman Empire lasted thousands of years and showed a clear decline at the end, but yeah, you will live long enough to see the end of the US I'm sure.

0 ( +0 / -0 )

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