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Next Phase in Currency Wars: Yen Plunge Followed by Deflation Shockwave
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2014 Nov 13, 4:51am 786 views 1 comment
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Bellingham Bill
2014 Nov 14, 11:56am
Bellingham Bill
2014 Nov 14, 11:56am
The yen went down to 145 in the late 90s . . . from the ~90 peak in '95.
A weakening currency is good news for Japan, more money stays at home.
Plus to get this weakening currency they're printing yen, which is like free money, man, money they can convert into USD to buy whatever the hell they want.
Such a deal, free money giving them a more competitive currency.
The only negative is higher import costs, especially since their nuclear reactor fleet is still offlined.
Next Phase in Currency Wars: Society General's Albert Edwards Calls for "Yen at 145 to US Dollar by March"; Deflation Shockwave Coming Up
http://globaleconomicanalysis.blogspot.com/2014/11/next-phase-in-currency-wars-society.html
Mish