Analysis: South Korea stands to gain as "Abenomics" hits yen

Comments (1)
VonHell wrote:

I dont think the chinese and korean firms have anything to fear from the weaker yen… because they were winning before the “stronger yen”…
The japanese gov hired a bunch of CEOs to advise the err “growth measures”… they only forgot to hire one to administrate the country itself… because each one has lovely ideas how to make its own company to gain… like weaken the yen to increase profits from exports, to bail out the several near bankrupcy companies, to finance the oversea transfer from others, to increase infrastructure spending (aka remove 1cm of taar from the roads and replace with a new layer) and many other interesting projects with funny cover names like “reconstruction” project, “tunnel colapse” security project, “stem cell” stimulus project…
But the only fact they did not even push the money printer button to begin the party yet and the yen lost 15% of its value…
Until now the japanese people was shielded from things like the oil price rises and they could keep confortable consumption power even during the economic crisis as their falling income kept value… and since domestic consunption (and not exports anymore) is the economy engine… i think one CEO hired to administrate the country itself would have a lot to worry about considering the country imports all of its energy, raw materials, things of daily use, and 80% of its food…
Yeah… the Koreans have not to fear indeed…

Jan 14, 2013 11:51pm EST  --  Report as abuse
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