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I notice the author has nothing to say about the over-valuation of the Yen, which for the past year or two has been crippling Japan's balance of trade by making
by cstross 17y ago
I notice the author has nothing to say about the over-valuation of the Yen, which for the past year or two has been crippling Japan's balance of trade by making exports way too expensive on world markets.
- sailormoon 17y agoI have been wondering for some time why on earth the JCB has been allowing the yen to stay so high. It would seem a no-brainer to sell it down - they have all sorts of incentives. The car companies in particular must be in a state of permanent howling rage about it. And yet they haven't done it. There must be an awfully good reason for that.