| Joelcool7 said: Man this sucks. P.S America is making it more difficult for Japan to recover and they won't likely recover again. They will need to adapt unless they can devalue the yen. The American government purposely savotauged Japan. They convinced Japan to inflate the yen. They spent years inflating the yen. But then Americas economy started taking a hit now the yen is way way to strong. The yen continues to be out of control. Now the US is in trouble financially and the Government is taking protectionist actions. Example Obama said he will give American corporations tax breaks and help to employ Americans. He said he will do everything possible to give American products an edge. So how will Nintendo, Sony, Panasonic..etc...etc... recover while the yen is high not to mention America is making it as hard as possible to compete in the US. I think Nintendo will return to profitability and am sure Sony can as well and other Japanese companies. But they won't likely see as high profits as they used to anytime soon. |
First of all, you have no clue what you're talking about.
Second, the US is one of the largest importer of goods, electronic or otherwise. We don't just have a national debt because we borrow money from China, we have a national debt because we import more than we export too. There is one, only one, TV manufacturer that actually makes TVs in the US. Almost all US consumer goods are manufactured in China, the exception are cars and furniture.
The dollar dropped in value, the Yen wasn't inflated. After 9/11 the Bush Administration, in an effort to increase exports (thereby helping to decrease the debt) allowed the dollar to drop in value. The US did nothing to keep the value of the dollar artifically inflated. Again, the Yen wasn't inflated.
The only thing the US has ever done is ask Japan to make its markets available to US companies, something which it has not been so willing to do. See, back in the 80's (are you too young to know this?) the majority of US electronics were manufactured here in the US or Canada. However, US manufacturers were unable to compete with cheaper Japanese import goods and eventually they either went out of business, got bought up, or started to use China to manufacture their electronics. It was Japan's protectionist government back in the 1980's that wiped out the majority of US/Canadian electronics manufacturing.
The US is not taking protectionsit actions. Taking away tax loop holes that allowed US corporations to move headquarters or employees offshore and give them tax breaks for doing so, isn't protectionist. Giving tax breaks to US corporations that move their manufacturing back to the US from China isn't protectionist. Not only is it NOT protectionist it doesn't hurt Japan. Protectionist would be refusing to allow Japanese companies to import products into the US or levying a tax on foreign goods imported into the US. The US government isn't doing that.
