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No one suffers from an appreciation of the yen except Japan. Almost all nations are struggling with a weak growth and they have little tolerance with Japan after allowing the yen to weaken in the past

6 Comments

Hiromichi Shirakawa, chief Japan economist at Credit Suisse Group AG in Tokyo (Bloomberg)

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6 Comments
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Is there a conclusion or remedy that has been missed out here? Like, "So Japan must suffer for the good of all," or "So, we must print yen and drop them all over Japan as fast as we can and show gaman in the face of foreign criticism."

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you got that right!

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Anyone who owes money denominated in yen suffers from appreciation of yen.

A lot of foreign investors are playing that game and they do suffer.

Tourists to Japan also suffer from strong yen.

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Yet nobody complained about 3 years ago when the yen hit 76 yen per dollar. Complaints are one sided.

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I have income in yen and sterling so it's not so painful except when I suffer from too much of one currency as is happening now......,

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No one suffers from an appreciation of the yen except Japan.

By "Japan" he of course means not the Japanese people, who would benefit tremendously if their savings were allowed to appreciate, but rather the Japanese government, which relies on currency devaluation and inflation to steal the value of its people's savings. It is disheartening that this economist seems to only care for the wants of a rapacious government with an obscene sense of entitlement and not for the needs of the people forced to live under it.

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