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Is a strong yen against the dollar good for you personally?

16 Comments
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as long as we have a job in Japan, stronger yen is better than a weaker one, but not in the long-term when it may lead to economic recession and unemployment.

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Big time help for repaying my student loans back in the USA.

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It is good for the time being, short period, but possibly in the long run, it will create the same problems in Japan that we see in the USA and if the Yen does suffer a collapse, is GOJ prepared for the same problems that Greece faced even though they watched the USD loose value. No one seems to have a Plan B for what happens. We look at the USA after 911 as having plan B, then Katrina happens and no plan B exposed itself, then the banks and mortgage industry collapsed and still no plan B. Do Governments feel they are imune to these types of problems or do they just become reactive...

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the whole system is teetering on the brink of collapse. Perhaps the one thing Japan has in its favor is that their national banking system didn't buy into the Ponzi derivative scheme foisted on most other countries. A close look at Iceland is a very effective way of seeing how the results may very well flush out. I for one welcome a high yen

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Only when I change yen to dollars. While I still have some yen.

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Not every gaijin in Japan is American

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to citizen12, i believe the question was relating to the value of yen to USD. not yet to Euro or wherever other gaijin are from but reading the continual complaints about Japan, makes me wonder why any gaijin continues to live in Japan. All I read is complaints, or tossing trash etc.

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It's not good for me personally, because most of my income is from overseas.

My guess is its not likely to go beyond 85 yen / dollar, so if anyone wants unreliable currency trading advice, now is the time to buy yen!

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Yep, my Aussie credit card debt has just been reduced by 30%. Pretty happy about that!

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to citizen12, i believe the question was relating to the value of yen to USD. not yet to Euro or wherever other gaijin are from but reading the continual complaints about Japan, makes me wonder why any gaijin continues to live in Japan. All I read is complaints, or tossing trash etc.

わかりません

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Not good for me, it makes the things I buy from Japan cost even more than they already cost.

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KinuyeOshiro - "is GOJ prepared for the same problems that Greece faced"

Japans massive deficit isnt funded in the same way. Greece lives on money borrowed abroad. And thats the reason the Yen is still seen as a safe currency. GOJ will need Plan B when they run out of savers.

In the mean time I like a strong yen it'll help a resurgence in car imports.

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I export anime products around the world. We hates this yen, Precious. We hates it forever.

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Yes, when I send money home. Wish I had more to send home...sigh. If things continue, though, it will mean that the US is collapsing, and that Japan's economy will go down the tubes, neither of which will be good for me personally.

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Personally, when I go back to the UK, it's a bonus. The rest of the time, the strong Yen is very bad for our clients, who generally depend on Dollar income. This is slowly killing exporters and those dependent on Dollar earnings, so my spending power in London is not as important as my clients staying alive. I'd love to see the Yen back to 100-110 range, personally.

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lol ppayne. For me right now its a nightmare since Japan is my favorite place to travel and visit. Plus I do import some stuff when I can't go myself.

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