Illustrates the actual situation perfectly.
The Japanese Government is at it again by selling up the yen to ease the appreciation of the Japanese Yen against the dollar. Have they ever thought for the slightest moment that, the problem resides in the depreciation of the US Dollar rather than the appreciation of the Yen? Would selling the Yen increase the circulation of the currency therefore, devaluing their currency? I doubt so; and wouldn't such an intervention be deemed as illegal? How come America's allies always gets away with everything and Iran's so called "Nuclear Programme" suddenly gets a bill banning any financial institution from conducting dealings with them. God damn capitalists.
But the results are apparent, they posted their first Trade Deficit in 31 years, and numerous Japanese companies are feeling the pinch, instances like NEC cutting 10,000 staffs globally, Sony changing their CEO, Toyota posting the largest loss ever since their inception; and so too is Panasonic. To top this off, South Korea; both its citizens and companies are surpassing them in every front. Their people are learning English overseas, creating human capital capable of integrating into the global economy much easier compared to Japanese and its firm. Now they're losing out on their exports; they should either stimulate their stagnating domestic economy or change the perception of their citizens on adapting to globalization.
The question is, are willing to do so?
