darthdevidem01 on 19 January 2010
| kowenicki said: @darth I agree with some of that... I think the bigger companies should be ok in the long run. Smaller developers who may concentrate on a japanese audience must be finding it tougher and tougher. It coulod affect all of us though... if the japanese dump bonds from the link in the story This is far from just a JGB market problem. As Japans retirees age and run down their wealth, Japans policymakers will be forced to sell assets, including US Treasuries currently worth $750bn, or Y70 trillion (eight months worth of domestic financing). At nearly 10% of the outstanding US Treasury stock, this might well precipitate other government funding crises (bearing in mind that the Japanese model is the argument buttressing confidence in Western government bonds in the face of deteriorating fiscal conditions). At the very least Id expect it to trigger an international bond market rout scary enough to spook all other asset classes." |
I'm not completely sure what bonds are, but if they dump them it seems like the article says it will have a big effect on the global economy as a whole. Not good, I thought we were coming out of this recession now.
I agree smaller developers, like ones that make the niche JRPG's that sell like 50K will have big problems, with rising dev costs on PS360 they may completely turn to the DS & PSP (if they haven't already). THose japanese dev studios are stubborn, they will never try to appeal to our markets.
