Mr Khan on 12 July 2012
| kowenicki said: and a new low today 12.39 Yen is through the roof against Euro especially. Nightmare for Japanese exporters. Sony predicted an exchange rate of 108 for yen/euro... its has been way below that ever since they predicted it and is now at 96.65... Thats very very low. Expect some re-adjustment of expectations from Sony and Nintendo in next financials. Sony predicted a return to profit to the tune of $2.2bn by year end March 2013!? |
One really has to wonder what the Japanese can do at this point. Hiking the sales tax might help a little, if it raises the amount of money Japanese folks need to spend to facilitate any sort of commerce, encourage spending but stall business domestically. Hmm...
Monster Hunter: pissing me off since 2010.
