Euro to dollar exchange near me: Japan signals it will act to curb any excessive yen rises

nearly all of the worlds top economies were built on exports, making your currency strong just forces more manufacturers out of Japan and into other countries, less workers and companies manufacturing in Japan means less revenue for the government and ultimately higher taxes. People may say oh but more business will be created from all those imports, ultimately the majority of the cost of those products will go to the country and workers that manufacturer those products. Unless Japan want to run massive deficits like the US every year then strengthening the yen just wont work especially with a shrinking population. that 20%+ consumption tax will become reality much sooner than later sort of defeats the purpose of cheaper imports.

Leave a Reply

Your email address will not be published. Required fields are marked *