| FilaBrasileiro said:
If the Yen keeps dropping they'll go bankrupt no matter what, and they won't be the only Japanese company to go bankrupt either if that were to happen. |
It doesn't need to keep rising, the level it is at right now is already bad enough. However it's true the Japanese Central bank coult intervene to save Japanese exporters regarding the currency issues.
In any case, Sony's troubles due to the recession go much farther than the Yen:
http://www.nytimes.com/2008/12/22/business/worldbusiness/22trade.html
"Japanese exports plunged the most on record in November as demand for cars and electronics collapsed.
Exports fell 26.7 percent compared with a year earlier, the Finance Ministry said Monday in Tokyo, the sharpest drop since comparable data were made available in 1980."
That's an overwhelming drop especially considering the recession is just starting. All that's left to know is how big Sony's specific drop is.
My Mario Kart Wii friend code: 2707-1866-0957
