在80年中，我在Mitsubishi electric , Japan’s GDP had reached 70% of US. Then they signed the plaza accord. Yen went up from >300 yen to US$1 to yen160 per dollar. Japan relies on exports. No raw materials, nothing, except they can make better products than most. Now they withdraw from China, which is a tremendous market, huge. Where on earth can they find a substitute? A strong yen would spell a sure down fall. BOJ has to do whatever it can for the sake of the country!!! Yen will continue to depreciate so as to maintain export!
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在80年中，我在Mitsubishi electric , Japan’s GDP had reached 70% of US. Then they signed the plaza accord. Yen went up from >300 yen to US$1 to yen160 per dollar.
Japan relies on exports. No raw materials, nothing, except they can make better products than most.
Now they withdraw from China, which is a tremendous market, huge. Where on earth can they find a substitute? A strong yen would spell a sure down fall. BOJ has to do whatever it can for the sake of the country!!!
Yen will continue to depreciate so as to maintain export!
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