Friday May 25, 2012

Sharp, NEC book profits but Hitachi reports loss

Business ( 2 )

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  • 0

    Scrote

    The Yen has only really been strong for the last few weeks. Besides, if the exchange rate is so poor, why don't the companies keep their earnings in foreign currency for the time being? Then they can take advantage when the governement tries to force the Yen down in value.

    The strong Yen hasn't had any effect on airline fuel surcharges has it? The thieving airlines must be raking it in.

  • 0

    onlineparasite

    Scrote: I think it is has to do with accounting purposes, there are some specific rules to follow when calculating profit (combining overseas and demostic) in domestic currency. Not really sure about the details..

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