politics

G7 ready to fight excessive currency moves: Japan

11 Comments

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© 2011 AFP

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11 Comments
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Cough

0 ( +0 / -0 )

Sure wish the yen would go up to ¥110 to a dollar.

1 ( +1 / -0 )

I'm paid in Yen so I'm enjoying the high.

2 ( +2 / -0 )

same here

0 ( +0 / -0 )

where the country suffering, people enjoying

0 ( +0 / -0 )

i am going crazy on Ebay!!

1 ( +1 / -0 )

Currency speculators must be hard put now deciding whose lucre they should be buying or selling, oh dear what a dillemma

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You may enjoy the high, but japanese companies with business overseas are dealing with significant loss. Japanese products are now too expensive, and what the do sell isn't worth as much when those profits are shipped home. So for now you can enjoy your salary, but when japanese companies start downsizing to maintin their bottom line profit margins, you will understand how bad this really is. Unemployment in japan will inevitably rise if this isn't taken care of. Japan isn't immune to the recession.

Perhaps largely due to its heavy dependence on western markets. If japan could find somewhere else to export its goods maybe...

1 ( +1 / -0 )

Like I said, I'm paid in yen so I'm enjoying the high.

0 ( +0 / -0 )

Enjoy it while you can, migraine.

0 ( +0 / -0 )

In the current global financial situation the light at the end of the tunnel may turn out to be pleasure in seeing the boss coming in with a torch to bring you more work

0 ( +0 / -0 )

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