| markers said: couldnt they have respective bank accounts in NA/others and hold all the money in said bank accounts riding the storm out waiting for the dollar/euro to regain its usefulness and then convert the money back to yen? lol that would be awesome |
Not to a big extent... Sony spends (and receives) billions of dollars every month, they can't let a lot of the cash they get sit still for a long time. Their cash reserves are about $7 billion which is not enough to fund operations for a long time as you can see here:
http://finance.google.com/finance?fstype=bi&q=NYSE:SNE
What they do is currency hedging, which reduces the impact of the weak dollar/euro. You can read about it in the link I put above.
My Mario Kart Wii friend code: 2707-1866-0957







