Hideo Hayakawa, a former chief economist at the Bank of Japan, referring to the predicting the yen’s exchange rate against the dollar if Japan enters a recession, which could come as early as the fall of this year.
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I don’t think it will hit the 70s but the 80s is quite likely.
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JeffLee
Because global investors will buy up the yen as a safe haven against the uncertainty, presumably. Weird.
TrevorPeace
Good.
Mocheake
I am hoping that we get that exchange rate very soon.
kohakuebisu
A 25% appreciation would put it at what against the GBP, 110?
110 to the pound and cheaper stuff in Costco would definitely take the edge off the 2% rise in the consumption tax.