NJ5 on 14 January 2009
| Phrancheyez said: Ahh thanks for clearing that up..but isn't that like making your citizens poorer for the good of the corporation? Or is it of such importance that foreign currency is of a certain strength against their own or face a much broader economic failure? |
Japan is an exports-based economy, so a very strong Yen is probably not good for them. Of course any intervention in the currency market can be risky, which is why I'm not sure about how much they'll really prop the dollar up.
This economic crisis is something we haven't seen before (not with the global economy), so all bets are off from my part... It's a clusterfuck of epic proportions. We just have to see how things play out (and take some precautions as individuals).
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