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Originally Posted by Debi
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Printing money isn't going to do anything to help export (in the mid/long term). Yes the yen will go down but the cost of making cars and wages, materials etc. will have to go up as well because printing money doesn't make making cars and electronics more economical/cheaper so in the end its a zero sum game.
Yes I agree that Yen is over valued, the only thing the government can do is do what the Chinese government do, build up a massive foreign reserve and have a managed float.
Japan is very unfortunate in its geography (very tiny island, lots of people), it has to export to maintain it's lifestyle based on very very limited resources.