politics

Strong yen fuels talk of currency intervention by Japanese gov't

16 Comments
By Tomoko Hosaka

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

©2022 GPlusMedia Inc.

16 Comments
Login to comment

Since Japan's fall to 4th position (world economy) is inevitable, no need to waste money and intervene. Let markets decide Yen's value.

0 ( +1 / -1 )

When is Japan planning to do that? I may need to set up my computer to short Yen. It is not financially tactiful to make the announcement like this in advance to global hawks. Are you going to tell criminals when you are coming to arrest them? You only do this quietly and swiftly.

2 ( +2 / -0 )

Why does it matter what place a country is. When America falls from first, are you going to celebrate then, I doubt it. America's economy is based on debt, nothing more. Why should Japan sell products to America or the Eurozone? People in these areas will be too poor to buy anything after hyperinflation sets in.

-2 ( +1 / -3 )

Please dont intervene as yet. I still want to send some YYY back home

0 ( +0 / -0 )

It's not the Yen being strong as much as it is the dollar and Euro being printed into oblivion.

1 ( +1 / -0 )

Spend, spend, spend. Just not anything in Japan!

0 ( +0 / -0 )

Here in Japan, we are all getting ripped off! If the yen is so strong, and Japan buys oil, gasoline in $$$$ why the heck has this discount not been passed to us at the gas pumps????

1 ( +1 / -0 )

Bank of Japan injected trillions (yes, trillions) of yen into the yen straight after the Tohoku quake and it did nothing. That's my tax money!

0 ( +0 / -0 )

Here in Japan, we are all getting ripped off! If the yen is so strong, and Japan buys oil, gasoline in $$$$ why the heck has this discount not been passed to us at the gas pumps????

Because the benefit is not passed on to the Japanese consumers.

These importers are keeping all benefits as a profit. If the price of gas goes down, so is everything else including food prices, encouraging consumers spending more to stimulate economy.

0 ( +0 / -0 )

I bought a new Canon XA10 video camera from the US last week, paid for it to be shipped by UPS and paid the local customs tax. It was still Y30,000 cheaper than buying it from Yodobashi in Akihabara.

Strong Yen does have some benefits.. Just wish I wasn't paid in US$ as this is killing me...

1 ( +1 / -0 )

Smart move tokyokawasaki. I feel for everyone getting paid in $US - soon enough you guys will be carting around your dollars in wheelbarrows, ala Weimar Republic!

0 ( +0 / -0 )

They should not join the race to the bottom and devalue their currency the way US and Euroland are doing.

0 ( +0 / -0 )

Did any of the posters read the article?

The strong yet will not pass along savings to the Japanese since all of export heavy Japanese companies are losing money. As the yen stays overvalued, the Japanese economy, which is driven by exports, will continue to flounder.

0 ( +0 / -0 )

Jimmy Mills:

http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ne_exp_gnfs_zs&idim=country:JPN&dl=en&hl=en&q=japan+export+gdp

Not even 20%.

0 ( +0 / -0 )

Funny how a nice portion of Japanese products are sold overseas, but some on here don't understand this hurts Japan more to have a strong yen. Just not smart people, not smart.

A weaker yen will help imports, and companies that support them.

-1 ( +0 / -1 )

the_sicilian:

" A weaker yen will help imports, and companies that support them. "

LOL, no it would help exports of course. Correspondingly, a weaker yen would make imports more expensive -- something those manufacturers who are wailing about a strong yen usually forget.

If the yen really sinks, wait until they scream for fuel subsidies and the like.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites