Nikkei bulls charge in as dollar/yen hovers at 100

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  • 1

    SauloJpn

    Just attended a meting that started with the number 135 by 2017. These guys are really serious about taking the yen down. One thing I know now, I am not loosing any more money chasing average lines!! I'm getting on the band wagon and letting the drunk driver lead the way!!!

  • 2

    Matthew Simon

    100.1 today. Bout Time

  • -1

    Droll Quarry

    In 1975 it was 360 to the $, in 1983 it was 275 to the $.... one can only hope it climbs past 125. If it makes it to there and deflation holds on for a few more years as Aso indicated, Japan just might be a reasonable place to live.

  • -2

    Yubaru

    Japan just might be a reasonable place to live.

    With the exception of those of us who need the yen at a more reasonable lower rate because it makes our $$$$ worth less and education costs more.

    Last year 1 million yen was worth a bit over $12,000.00, this is it's only going to be worth $10,000 or less and that means a hell of a lot when it comes to paying tuition.

  • 1

    WilliB

    Abenomics is ridiculous, since he is trying to follow the ever-inflated dollar down. It becomes a race between the printing presses (or rather, in case of modern electronic banking, or pressing zero buttons).

    This is not sound economics by any standards.

  • 0

    some14some

    It seems that with Y100/$ investors are as happy as consumers with Y100 shops in Japan !

  • 0

    borax

    yen bears?

  • 0

    Strangerland

    This weak dollar only benefits the large corporations and hurts the people. But Japan doesn't care about the people, only the big corporations.

  • 1

    kiyoshiMukai

    Yen was very low. Yen should be at 110. that way we can at least export things.

  • -1

    FizzBit

    Kuroda-ing the economy. All my stocks are up...so I like it. The problem is when to get out and buy PM's.

  • 0

    Droll Quarry

    @Yubaru

    There is always a yen...and yang to everything. I get paid in dollars so it is a boon for me. I've been taking it in the shorts for years, it's your turn.

  • 0

    kraken

    Droll I can't agree more!

    It is just amazing to notice now how in the last few weeks so many losers have been complaining about the weak yen when, without going to far back, in 2008, before the crisis started the dollar was worth over 120 yen.

  • 0

    Redcliff

    Although a weaker Yen helps the exporters one should not expect it to fall further. A falling yen might tempt Japanese Business Investors to invest abroad to protect themselves from a possible Yen free fall.

  • 0

    cracaphat

    The problem is where to put/hide your savings to offset the impending erosion that will occur with Abakanomics

  • -1

    Yubaru

    There is always a yen...and yang to everything. I get paid in dollars so it is a boon for me. I've been taking it in the shorts for years, it's your turn.

    If you get paid in dollars here in Japan then you more than likely work for the military. It's a matter of choice, plus you get cost of living increases when the rate changes and you have tax free base privileges that balance out the differences.

  • 1

    Droll Quarry

    @Yubaru

    I work for a US government contractor. I do have base privileges, but the amount of money I spend on base does not come anywhere close to offsetting the discrepancies in the yen and dollar rates. Utilities, automobile costs, schools etc are all in yen and makeup the bulk of my cost of living. I am still looking for those cost of living adjustments you referred to, they just do not happen. I do live in Japan by choice and try to temper my complaints, recognizing that this is Japan and the Japanese people have the right to run their country any dam way they please. IMHO anyone that can't abide by that simple philosophy should pack their bag and go home.

  • 0

    jeff198527

    Are you people so dense that you can't see that Japan is saying one thing and is doing another. Japan WANTS their currency to appreciate, but at a controlled pace. Most people it seems can't see the forest because of all the trees in the way.

  • 0

    kurisupisu

    Who is going to pay all this debt back???

  • 0

    jeff198527

    Japan DOES NOT have a debt of 250% GDP. No country could survive a debt level that high? Where are the bread lines? Where are the closed factories and mass layoffs? Where are the millions of people on government programs? Where are the riots? Outside of PMs I would do both Japanese and maybe even Korean long-term bonds.

    If Japan is so inferior and backwards then how did they create an advanced stem cell therapy to cure my CP? I just don't get why you people even come to this forum if you hate and despise Japan so much?

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