Japan’s currency is on a historic slide. Host Carmel Crimmins talks to Rocky Swift, chief correspondent for markets in Japan, about what Tokyo is doing to shore up the currency and the implications fo
Japan is my second home.
I was there from the age of 7.
I am now in Bangalore at the age of 67.
From 360 yen to the dollar to 79 yen to the dollar to the current 160 yen to the dollar.
I saw it all.
I worked with them for over 40 years.
i hope they can do another massive economic change.
They have cutting edge technology.
They have a huge amount of assets all over the world, not just in America.
In India they have huge huge assets.
They just have to pull their socks up.
Japan has fallen a little.
This was such a great conversation! I’ve never watched this program before, and it’s all thanks to the YouTube algorithm that this showed up in my feed. I didn’t click on it right away, but it was tenacious, and on about the 3rd day of it showing up in my feed, I finally added it to my queue, then mid-conversation, paused the video to subscribe to this channel!
I love this host—so charming & intelligent—and they Irish lilt always draws me in! This was insightful & entertaining to watch/listen to, as I painted my toes. 💅
Jesus, this is a terrible interview. Why are you asking about the guys name? Why can’t you just focus on the topic and keep this a short 5 minute video. too many fluffy digressions that’s completely unrelated to the topic. This is like the most unprofessional video I’ve ever seen.
I loved the good points he closed with. In summary: “line is going up”. Yeah, great. It sure sounds great for rich people. Tough for you if you’re not rich I guess, enjoy the increased cost of living with zero upsides.
One percent interest on the Yen just won't budge the exchange rate between it and the dollar. You can get 4% on a dollar money market fund. When I came to Japan, the dollar was worth 127 Yen. In 2008, that dropped to 72 Yen. It hung around 100 Yen for the longest time and now has hung around 150 to 160 for a long time. I am retired and have to bring over much fewer dollars to convert than all my retirement calculators predicted. My Japanese taxes have shot through the roof too! I don't know how long this will last. I hope for a while longer...
Another perspective as an Indonesian: We're also reaching a very low point against USD. It's not just Japan.
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Comments (19)
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(日本のエリートサラリーマンだ．)
僕の家族はどういうわけかアメリカに縁があるんだけどね．
どちらの家系も研究者としてあちらに渡っている．
父は数学の先生，祖父は工学．
I was there from the age of 7.
I am now in Bangalore at the age of 67.
From 360 yen to the dollar to 79 yen to the dollar to the current 160 yen to the dollar.
I saw it all.
I worked with them for over 40 years.
i hope they can do another massive economic change.
They have cutting edge technology.
They have a huge amount of assets all over the world, not just in America.
In India they have huge huge assets.
They just have to pull their socks up.
Japan has fallen a little.
Hmm. Wondering what's next...
I love this host—so charming & intelligent—and they Irish lilt always draws me in! This was insightful & entertaining to watch/listen to, as I painted my toes. 💅