File Icon Versione per stampa
Segnala un amico

Lavoro nel mondo
Lavoro in Italia

Yen, A Battle With no Winners 日元,戰鬥沒有贏家

Much of the proclaimed intentions expressed by Mr Abe are based on wishful thinking. Japan will not be able to increase tax revenues due to the forecasted acceleration of GDP by almost one percentage point. That in turn would bolster inflation and weaken yen. Welfare is being cut dramatically, which will make elderly people reluctant to keep funding the enormous government debt. Numbers coming from Toyota last night show that companies that have a good business model can still prosper. Debasing currency will also find enemies in Europe, a market of groowing importance for Japan. This attitude has also revived the ambitions of other nations, among others Swizetrland. The net effect of this currency war will be to put Europe in yet a more difficult crisis. This will backfire against Japan. This propaganda should stop now.

Segnala un amico

Your email address *
Inserisci l'indirizzo email a cui vuoi segnalare *

Commenta (0 commenti)

Devi effettuare l'accesso per vedere i commenti

Altri articoli da questa sezione

Powell conferma aumento dei tassi per dicembre, nuovo capitolo della soap-opera su Brexit e dati di inflazione in area euro (oggi) creano le condizioni per uno scenario opposto a quello dell'anno che si sta per concludere
At least temporarily
Indonesia, Turkey and South Korea now looking attractive, yen to weaken again
Monetary policies elsewhere are far too loose to compete
Rates on 10 y Treasuries up 25 b.p. in a few sessions