UPSB v4
Serious Discussion / Japanese Drastically Devaluing Currency = Lower Prices for Exports
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Date: Sat, Apr 6 2013 02:24:42
New Governor Haruhiko Kuroda committed the BOJ to open-ended asset buying and said the monetary base would nearly double to 270 trillion yen ($2.9 trillion) by the end of 2014, a dose of shock therapy officials hope will end two decades of stagnation.
http://www.reuters.com/article/2013/04/04/us-japan-economy-boj-idUSBRE93216U20130404 This is going to mean that all the cool stuff from Japan will be cheaper :D . All the vcr's, cassettes, and floppy discs you'll ever need. -
Date: Sat, Apr 6 2013 02:26:58
Cheaper pens?
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Date: Sat, Apr 6 2013 02:28:38
most defiantly, depending what country your in and the exchange rates between your currency and the yen.
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Date: Sat, Apr 6 2013 02:30:08
I can imagine cheaper japanese exports would be amazing for their economy, maybe we'll see these prices reflected on Penwish, or stores like Daiso
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Date: Sat, Apr 6 2013 02:33:22
Yes, in the short run but they'll eventually have their domestic prices so high that their own people wouldn't be able to afford it.
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Date: Sat, Apr 6 2013 04:10:00
Why did the exports of Japan stop some pens from reaching different countries and being sold on @PenwisH in the first place? Was it because of the great tsunami that occured there? Or a financial economical struggle?
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Date: Sat, Apr 6 2013 04:44:52
cheaper sex toys. oh yes
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Date: Sat, Apr 6 2013 05:30:42
No. You aren't really looking at this realistic, economy is something that always moves.It is not majorly going to affect prices of pens. If anything the suppliers will just keep the same price and gain greater profit. If the prices were to decrease it would be a choice of supplier. Hoped this helped you understand, it seems to me you are quite perplexed at this matter.
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Date: Sat, Apr 6 2013 06:23:01
it will be cheaper if you import stuff directly from japan yourself otherwise you won't be noticing any difference
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Date: Sat, Apr 6 2013 09:30:31
Why would we need floppy disks?
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Date: Sat, Apr 6 2013 12:53:49
Sparking and Quake are both right, I don't think you thought this through but good heads up though. Thanks!
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Date: Sat, Apr 6 2013 14:46:07
YES CHEAPER PENS THATS ALL THAT MATTERS :D.
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Date: Sat, Apr 6 2013 14:56:09
Tommy wrote: No. You aren't really looking at this realistic, economy is something that always moves.It is not majorly going to affect prices of pens. If anything the suppliers will just keep the same price and gain greater profit. If the prices were to decrease it would be a choice of supplier. Hoped this helped you understand, it seems to me you are quite perplexed at this matter.
Well maybe not pens but the major exports of japan, such as cars should show sings of prices lowering due to their doubling of its monetary supply. So your saying monetary policy has no effect on the prices producers use?The depreciation of a country's currency refers to a decrease in the value of that country's currency. For instance, if the Canadian dollar depreciates relative to the euro, the exchange rate (the Canadian dollar price of euros) rises: it takes more Canadian dollars to purchase 1 euro (1 EUR=1.5 CAD → 1 EUR=1.7 CAD). When the Canadian dollar depreciates relative to the euro, the Canadian dollar becomes more competitive because the price of Canadian goods when exchanged to euro will be cheaper leading to a larger Canadian export. On the other hand, European countries that denominates its goods and services in euros will have lost competitiveness to the Canadian dollar. The price of European products denominated in euros will thus become more expensive in Canada.
wikipedia :D -
Date: Sat, Apr 6 2013 22:58:02
most defiantly, depending what country your in and the exchange rates between your currency and the yen. That is what you said...
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Date: Sat, Apr 6 2013 23:31:18
Tommy wrote: most defiantly, depending what country your in and the exchange rates between your currency and the yen. That is what you said...
what about what i said?