drkohler said:
Well, let me guess.. you have no clue about basic economic facts? What it basically means that Sony again loses money in Europe selling PS3s. I doubt this can be described as "It just means their economy is doing better"... |
A lot of ignorant people responded, so this goes for all of you.
The Yen is at a 15 year high because their economy is doing better than ours. The value of currency is dependent on the the perceived value of a country's economy, or more specificaly the perceived ability for a country to pay back its debt.
It should be obvious that increased value in currency increases exports and decreases imports. When a country's currency value increases, domestic goods increase in cost in other markets, decreasing the demand for that good. Simultaneously, foreign goods decrease in cost, increasing demand.
