Re: The Dangerous Rise of the Japanese Yen

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Article #2956

#2956

From: Michael Vilkin
Date: Sat, 09 Jan 1999 00:00

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Kei Kashiwabara wrote:

 (...)

> > Your point is that there is something wrong with the japanese yen
> > rising this way. But what you have missed in this argument is
> > the fact that Japan is still the largest credit country,
> > which the U.S. owns much.

> That is greatly shrinking as yen rises.
> Japan is willing to devalue herself against the US.   This is so stupid that
> I understand the rumor(the government supports to hurt its economic growth)

 I don't think government of Japan is totally stupid.
One explanation is that the government intends to increase import.
Strong yen will buy more import, right?
Then Japan is doing a smart thing. 

Economic growth? Why should Japan produce cheap goods for the U.S.?
Build big houses for yourself, restaurants, go to party.
A nice house will increase economic growth more than exported Toyota.
Try it.

--Michael Vilkin.

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From: Michael Vilkin <mikevilkin@hotmail.com>
Subject: Re: The Dangerous Rise of the Japanese Yen
Date: 1999/01/09
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