It is the economy of mourning wolf.
To slowing growth, deepening of deflation, a mysterious rise in the yen and in late August with Japanese politicians dare to promise action. Governor Masaaki Shirakawa, Bank of Japan came home from Jackson Hole, Wyoming, to deal with emergencies. Investors prepare for aggressive intervention. Media mobilized on August 30 to meet with Prime Minister Naoto Kan economic programs launched to counter the effects of fat press export yen strength. Then nothing.
meaningful effort to produce a failure, what the Japanese did not want: a strong yen, which is 85.2 per dollar on August 23 went to 84.4 in September. Suzuki Motor chairman Osamu Suzuki, who created a huge export business for a small company with a solid car, talk a lot when he took the money, saying: "I spend everyday thinking."
So, the politicians in Tokyo. The fact that they were confused, slightly above the Japanese suffered the same fate with children Aesop, who warned the crisis, so it is often not taken seriously anymore.
Because of the sliding dollar and euro, the yen by default. Rarely before have so difficult for Japan to control the money. Yen jumps to highest in 15 years, says a lot about Japan in the year 2010. Here are three things to consider about the country of Japan.
Amendment 1) Price of Japan's reluctance to rise, it was. After the boom and bust of the 1980s, the government must get rid of the bank in bad loans, unregulated industry to improve fiscal policy more pro-business, productivity and encourage entrepreneurship.
If Japan had done all of this is currently a more balanced economy and the value of the yen did not mind nearly as much. Instead, Japan chose a Band-Aid, like massive government spending, low interest rates and a weaker yen.
Exchange is an obsession in the year 2000 to maintain a focus on Japanese exports to the large trade surplus. To my great surprise they found that Japanese monetary policy, these countries more than it exports and imports increased, especially in times of crisis, while investors and security. The bureaucrats also learned that the company, even the Japanese people with strong roots in response to stronger currencies. Renault-Nissan Alliance SA, cut, for example, recently increased production in South Korea, Japan as a place of hope in production.
Now, with the glacial pace of change, the global importance of Japan's decline. China's economy will surpass Japan officially in August. Moral of this story? "Do not cry about the strength of the yen, to solve the problem," Naomi's report, analysts at Bank of Tokyo-Mitsubishi UFJ in Tokyo.
2) Japan is overwhelmed by the international forces. When the game is a worldwide trend away from the bureaucrats in Tokyo. But the business model works after the war was so brilliant that the corporate elite has not changed. The same goes for the government to remain vigilant against immigration and the empowerment of women to form a rapidly aging workforce.
Carefully the status quo more difficult to get upright. the trade surplus are also several economic reasons for the case of the yen climbed 28 percent against the dollar since early 2008 Set.
Japan is not fixed a leaky roof at the time of Li shine before the collapse of Lehman Brothers Holdings in 2008. Now the world economy was raining bad news, people, the price to pay. 126000000 so that the people and investors who bought into the hype more than the resurrection of the truth.
3) political paralysis is a loss. Have the money to be used as a reason employers do not live in fear that the sale of the Bank of Japan Yen: This country is more than the previous coordination tool.
Part of the problem is that Japan can not survive in the guide: If a bad election Kan 14 September, 6th Prime Minister of Japan will take three years. "Twenty years after the bubble would be nice, if not expected, at least a sense of urgency," said Nicholas Smith, director of equity research at FXA MF Global Securities in Tokyo. "And a leader must learn from the outside world had enough of their name, life."
This vacuum of leadership in deflation. In July, consumer prices, excluding fresh food fell for the 17th consecutive month. The best way to save less and spend more consumers to secure their future. This applies to business.
Low optimism. Suzuki, for example, more frequent and greater pessimism, talked about today. "I want to listen to Tokyo, we cry," she said. Policy makers do. What do they do their share of the natural world to mourn, even by the Japanese.
In short, the crisis of the Japanese yen is a sign of lack of policies to diversify the economy and making them less dependent on exports
Because of the sliding dollar and euro, the yen by default. Rarely before have so difficult for Japan to control the money. Yen jumps to highest in 15 years, says a lot about Japan in the year 2010. Here are three things to consider about the country of Japan.
Amendment 1) Price of Japan's reluctance to rise, it was. After the boom and bust of the 1980s, the government must get rid of the bank in bad loans, unregulated industry to improve fiscal policy more pro-business, productivity and encourage entrepreneurship.
If Japan had done all of this is currently a more balanced economy and the value of the yen did not mind nearly as much. Instead, Japan chose a Band-Aid, like massive government spending, low interest rates and a weaker yen.
Exchange is an obsession in the year 2000 to maintain a focus on Japanese exports to the large trade surplus. To my great surprise they found that Japanese monetary policy, these countries more than it exports and imports increased, especially in times of crisis, while investors and security. The bureaucrats also learned that the company, even the Japanese people with strong roots in response to stronger currencies. Renault-Nissan Alliance SA, cut, for example, recently increased production in South Korea, Japan as a place of hope in production.
Now, with the glacial pace of change, the global importance of Japan's decline. China's economy will surpass Japan officially in August. Moral of this story? "Do not cry about the strength of the yen, to solve the problem," Naomi's report, analysts at Bank of Tokyo-Mitsubishi UFJ in Tokyo.
2) Japan is overwhelmed by the international forces. When the game is a worldwide trend away from the bureaucrats in Tokyo. But the business model works after the war was so brilliant that the corporate elite has not changed. The same goes for the government to remain vigilant against immigration and the empowerment of women to form a rapidly aging workforce.
Carefully the status quo more difficult to get upright. the trade surplus are also several economic reasons for the case of the yen climbed 28 percent against the dollar since early 2008 Set.
Japan is not fixed a leaky roof at the time of Li shine before the collapse of Lehman Brothers Holdings in 2008. Now the world economy was raining bad news, people, the price to pay. 126000000 so that the people and investors who bought into the hype more than the resurrection of the truth.
3) political paralysis is a loss. Have the money to be used as a reason employers do not live in fear that the sale of the Bank of Japan Yen: This country is more than the previous coordination tool.
Part of the problem is that Japan can not survive in the guide: If a bad election Kan 14 September, 6th Prime Minister of Japan will take three years. "Twenty years after the bubble would be nice, if not expected, at least a sense of urgency," said Nicholas Smith, director of equity research at FXA MF Global Securities in Tokyo. "And a leader must learn from the outside world had enough of their name, life."
This vacuum of leadership in deflation. In July, consumer prices, excluding fresh food fell for the 17th consecutive month. The best way to save less and spend more consumers to secure their future. This applies to business.
Low optimism. Suzuki, for example, more frequent and greater pessimism, talked about today. "I want to listen to Tokyo, we cry," she said. Policy makers do. What do they do their share of the natural world to mourn, even by the Japanese.
In short, the crisis of the Japanese yen is a sign of lack of policies to diversify the economy and making them less dependent on exports
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