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This is markets in action. When one market offers a lower price than another, there’s an opportunity for arbitrage. Unless something stops it, prices should equ
by skybrian 3y ago
This is markets in action. When one market offers a lower price than another, there’s an opportunity for arbitrage. Unless something stops it, prices should equalize.
So maybe some Japanese stores need to raise their prices, and then they’ll be better stocked.
- jovial_cavalier 3y agoI suspect the real problem is the purchasing power parity vs. the foreign exchange rate. The two can be quite different for a lot of reasons that I don't want to get into. But the upshot is that to raise the prices denominated in yen such that foreign scalpers won't bother may also muscle out the domestic hobbyists.
- skybrian 3y agoAnd indeed, it looks like the yen has gone down significantly [1]. So that's more tourism and more exports. [1] https://asia.nikkei.com/Business/Markets/Currencies/Yen-tumbles-to-153-against-dollar-on-U.S.-inflation-raising-intervention-risk https://asia.nikkei.com/Business/Markets/Currencies/Yen-tumb...