<img src=“http://www.rpgclassics.com/staff/tenchimaru/td.gif”> http://money.cnn.com/2003/09/30/markets/forex.reut/index.htm
Damn those crafty Japanese with their weasly stock-market ways!:hyperven:
Doesn’t say why there is concern about the US economy though.
How is the dollar weaker than the Yen when it takes something like 200 Yen to equal a dollar?
Of course they’re gonna buy us.
Haven’t you seen the movie “Red Sun”? :hahaha;
Originally posted by Dark Paladin
How is the dollar weaker than the Yen when it takes something like 200 Yen to equal a dollar?
actually its 111 yen to the dollar right now, back in august it s was as high as 122 yen, but the dollar is crashing
It might be 111 yen to the dollar, but they also get paid like 111 times the amount you would in the US, so it balances out.
And as the dollar is going down, so is the exchange rate.
Originally posted by SpoonyBard
[b]It might be 111 yen to the dollar, but they also get paid like 111 times the amount you would in the US, so it balances out.And as the dollar is going down, so is the exchange rate. [/b]
a yen is their “penny”, not their dollar… lets take for example a game soundtrack that costs 3200 yen, that WAS like about $26 a few months ago… but now it would cost you $29 (minus shipping)…
it makes a huge difference when you regularly place a few 60,000 yen orders a month from japan…
yep the dollar’s crashing… too bad for you…
Originally posted by |Damage|
yep the dollar’s crashing… too bad for you…
thats why i sell on ebay UK
Originally posted by longhairmike
[b]a yen is their “penny”, not their dollar… lets take for example a game soundtrack that costs 3200 yen, that WAS like about $26 a few months ago… but now it would cost you $29 (minus shipping)…it makes a huge difference when you regularly place a few 60,000 yen orders a month from japan… [/b]
No. The yen is their only currency. It’s just valued so low that anything below 100 is pretty much pennies and dimes.
Originally posted by Xelopheris
No. The yen is their only currency. It’s just valued so low that anything below 100 is pretty much pennies and dimes.
hence why i called it a ‘penny’, i watch it like a hawk, ive imported like $12,000 worth of cds this year…
Well, Japan has been in a twelve year recession. It’s about time they bounced back.
The dollar goes up, the dollar goes down. It’s part of the exciting rollercoaster called “capitalism”. And even though the dollar is sinking in value, I’m glad that Japan’s yen is finally going back up. Their economy was a piece of shit for…well…who knows how long.
Who cares about the yen’s value?
Canadian dollar reached 75 american cents in value yesterday 
Nonsense, it is Norway that will buy you. We have so much money we have no idea what to do with it all, so we whine instead.
Wee. Cheap imports.
Originally posted by Nulani
Nonsense, it is Norway that will buy you. We have so much money we have no idea what to do with it all, so we whine instead.
Too bad Ethiopia will conquer Norway in a three day war before you get a chance.
Bleh.
They’d just draft the five million people that live here and equip them with pitch forks.
Diffuse constitutions are fun.
Or you could throw a few chickens towards Russia and kill two birds with one… bird.
Originally posted by Nulani
[b]Bleh.They’d just draft the five million people that live here and equip them with pitch forks.
Diffuse constitutions are fun. [/b]
They try that. It doesn’t work.
Originally posted by Xelopheris
Or you could throw a few chickens towards Russia and kill two birds with one… bird.
Interestingly enough, they try that too (except the Russia part). It doesn’t work either.
Um, in many ways, the dollar depreciating against the Yen is a good thing. In international trade, in order to buy goods from another country, you have to convert from your local currency to the currency of the country you’re importing from. Note, you don’t actually do it yourself. It’s handled through banks and whatnot, but it does happen. Now, if the dollar is worth less with regards to the Yen, that means it takes more dollars to buy the same amount of Yen. With this, imports from Japan to the US decrease. Now, at the same time, it’s easier for the Japanese to import goods from the US because it takes fewer Yen to buy the same amount of dollars. So, exports from the US increase.
Now, GDP is the main judgement of how good an economy is, and GDP is basically composed of Consumer Spending, Government Spending, Investment (not Stock Market. That’s technically savings. Investment is firms buying new machinary, land, buildings, etc), and Net Exports. Net Exports is found by adding Exports (postivie value) with Imports (negative value). Now, ceteris paribus, if imports from Japan to the US decrease and exports from the US to Japan increase, Net Exports will have a higher value. With NE having a higher value, ceteris paribus, the GDP of the US will increase.