| NYANKS said: Hey can someone break this down for me. Does this mean anything to Sony? It was written yesterday. |
That's actually why Sony's stock has been up. Japan's weakening of the Yen.
Experts are divided as for whether or not it will help long term... since there is no real playbook to counter your money being worth too much.
To put it another way, Japan is currently going to engage in experimental economic procedures made famous by the United States... the problem for Japan is... everybody expected the Dollar to massivly weaken due to the federal reserves actions.... and it really hasn't. The Yen, while lower now... actually ROSE vs the dollar when this news was released.
Additionally it sounds like they're wading a toe in...
Probably because they're afraid of when their population gets too old, and there isn't anybody locally willing to dump money into their debt.
