umbrella comments

Judging by the recent midterms, Americans love their President Biden, think he is wonderful and are happy with open borders, high crime and of course high inflation. They don't care about high priced Thanksgiving turkeys, it's what they want. I saw on cnn interviews with democrats where they were saying Biden is the best President of all time and that inflation doesn't exist. Thus no worries here for Thanksgiving costs.

FB is so yesterday.

How many more times? Self Defence lessons must be compulsory in Schools here. I would be willing to go in and help teach if asked.

Numbers falling. At last it's all over. Until China make the new variant.

Intervention is just a waste of Japan's foreign currency reserves. Only has a very limited effect and then the yen will continue falling. Japan has to increase interest rates as most countries are doing.

Yes real inflation is 12% to 14%. Nobody believes the "government's" fake figures. And even the fake figures don't take into account shrinkflation, where everything is getting smaller.

The yen is almost at the 151 level now. It's fascinating watching it drop and of course there's no floor. My bank is forecasting 175 by the end of the year. I am paid in US Dollars now thankfully.

Real people are suffering badly at the utter incompetence of the j "government".

There's no end to the collapsing yen with its result of ever increasing prices. Next week the yen is expected to collapse into the 150 yen level and accelerate downwards. When will the yen have depreciated enough for this "government"? It's utterly pathetic, incompetent and brings shame to Japan on the world stage.

Will also deter the usual army of english teachers coming to Japan since their earnings in Dollars will be so low. Nobody will be interested.

With no pay rises and the real inflation rate reckoned to be at least 12%, plus shrinkflation, plus the yen's collapse never ending, something has to give. Only the tourists are happy as they find everything for them as cheap as in a third world country.

Right now, the yen is racing downwards through the 148 level, possibly to hit the 150 yen level in New York trading. Deliberate government policy to destroy the currency. Good job for them that the J people never complain.

Fortunately I get my salary now in US Dollars. Nobody wants the pathetic poisoned yen now. 160 to the Dollar is the next support level for the yen, coming soon. Thank god nobody holds the pathetic yen anymore.

What a farce this "committee " is. You can tell the mid terms are coming and the dems are desperate as they know they are going to be decimated. Once the House and Senate are taking over again by the Republicans that will be the end of this farce.

The yen is now well over 147 to the Dollar and as Mark says 160 is the next support level. The j "government" doesn't give a damn about the effect of rising prices on the J consumers. They know that whatever happens the J people will loyally trot out to vote ldp.

My Tokyo company has switched to paying us in US Dollars now, so as the yen drops further and further I am not bothered at all. Especially as all my funds are held in US Dollars and Swiss Francs. Nobody wants the poison pathetic yen anymore.

Japanese will wear masks forever.

Congratulations to the yen , today at yet another 24 year low at 146.3. Great for the flood of tourists, not great for the ordinary people here as prices continue to soar with no wage rises in sight. I think the Japanese people will resent the tourists with their massive spending power whilst they suffer massive inflation.

Japan about to be a poor country unless companies start to improve wages.

Wages for most workers will never rise in Japan. To get higher wages, employees need to be members of strong Unions who organize strikes to force pay increases out of employers. This will never happen in Japan where people just accept the status quo. .

A 10% pay rise to match the real inflation rate and a demand to be paid in US Dollars is the demand where I work in FX. Nobody wants remuneration in the poisoned yen anymore. You are just throwing away money.

With the yen so pathetically weak, japan is now a dirt cheap, bargain basement 3rd world country. What a lost opportunity to amass foreign tourist cash.

Workers will soon demand their salaries/wages are paid in Dollars. Nobody wants the poisoned yen!

Everybody I know holds all their money in US dollars and swiss francs. I would image nearly all foreigners in Japan do.

The poisoned yen is going to continue plummeting in value with no end in sight. The j government simply does not care about the effect on the J people. They know the J people will always vote LDP regardless.

141.12...sky is the limit

142.3 right now. This is so laughable, at the same time pathetic.

Well the Tokyo forex room where I work has had a standing forecast for months of 175 yen to the dollar by the year's end. Could even be worse than that. The j government is welcoming the the trashing of their national currency. They don't care about rising prices for the J people as they all vote ldp whatever happens.

Thank god that no foreigner in japan holds on to the poison yen apart from everyday needs.

Crazy situation. Myself, I have trained in Judo and Taekwondo for over 25 years and indeed it will be some while before I hit the 60 years old level. I would never involve myself in any meaningless confrontation. If I was in the wrong I would immediately apologise. If the other party was in the wrong, I would apologise anyway to diffuse the situation.

Nobody believes a figure of just 2.4%. Is this lie given out by the J government just so workers don't agitate for large pay rises? Inflation in Japan must be at least 12%, we all know it. And how about shrinkflation? everything is getting smaller/less volume etc. Doesn't appear in even the government's fake inflation figures.

Yes putin and xi should be arrested the moment they land in Indonesia.

The end of fake news. Thank god for Fox News.

Ha the demise of the hopeless Comedy News Network. No wonder their viewing figures are down about 80% in just 1 year. Awful" channel".

Wonder when the next variant will come along? This is never ending.