| kitler53 said: suck it japan, that's what you get for .. um .. nope, no clue why the yen in soo strong. |
It is a very strange phenomenon. Yen interest rates have been at near-zero for almost a decade and the Japanese economy hasn't been something worth betting on in 2 decades. You would figure the bad situation of Japanese exporters would weaken the Yen enough to make their situation not so bad, but i suppose it's just major investors' fears about the Euro, Pound Sterling, and Dollar that keep their money in Yen.
The Japanese have a lot of demand for currency as an almost cultural predilection, meaning that they keep a lot of their assets in cold, out-of-the-bank cash, which i suppose raises demand for the currency sort of artificially. Much of Japan's economic problems come from the fact that their high savings rates, which helped finance the Japanese rise to prominence in the first place, are now hindering growth and hurting exports.
Monster Hunter: pissing me off since 2010.
