steven787 on 20 November 2008
| johnsobas said: and the yen keeps getting stronger. Yesterday it was 96 yen for 1 dollar, it hasn't been that strong since 1995. |
The Yen is stronger to the dollar right now, but it is even stronger against the Pound and Euro. The Dollar and Yen have both risen against those two. This is bad for Japanese and US businesses who count on exporting products. It means they either have to raise prices or take the hit on exchange. Raising prices isn't really an option for electronics products. So if they said it took a hit for this reason I would believe it, but demand... c'mon.
I would cite regulation, but I know you will simply ignore it.
