BAD news for ps3 & wii - YEN hits 15 year high

[Kynes]

ManusJustus said:

Kynes said:

I've never said that USA is in a better situation, their crisis are very different. Japan has had 20 years of deflation, and has a very big demographic problem. USA has it's own problems, but their crisis aren't comparable. What I've said is that for an export country as is Japan, a strong currency is one of the worst things that could happen to that economy.

America's and Japan's economic problems are comparable, and you can look at the value of the dollar and the yen to see the results.

The comparison between the Japan and the United States is the fundamental topic of this thread, "Yen gains on Dollar."  If you don't think that the USA is in a better situation, then I don't see what we are arguing about.

We are talking on how a strong yen affects the Japanese companies that sold most of their products outside Japan, as Nintendo and Sony are. You were the one who said that Japan is in a better position than America, which is debatable, and who said that a strong yen means that Japanese economy is in a great situation, which is completely false.

 

In my view, both countries economies are somewhat fucked, but for way different reasons. USA has a problem with the budget deficit and Keynesian economics (Obama's New Deal 2.0 is one of the examples), Japan has a systemic problem of very old population and lack of adaptation to the new economic situation.