Japanese importers profiteering by exploiting devalued Yen

Started May 17, 2013 | Discussions thread
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Chad Gladstone
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Japanese importers profiteering by exploiting devalued Yen
May 17, 2013

I don't know how many of you have noticed the near 30% drop in Yen value verses the dollar or Euro over the past year, but the profit generated by the currency devaluation is not exactly being past on to consumers, even with the instant rebates, the street prices of Japanese exports does not comport with the dramatic devaluation is the Yen's currency exchange.  To the contrary, parity in consumer price fails to mirror the near 30% rise in margins realized by the importers (without accounting for the cost of imported resources necessary to engineer and ship the consumer products).  One would expect to see a demonstrable rise in direct imports to counter this trend, but this has not yet occurred.  The bottom line is that the Japanese exports are purchased at margin far above what should be expected and foreign consumers are paying a substantial premium above their trade value because the foreign currency has more buying power.  If Nikon USA or whomever your countries authorized importer is, does not properly reduce their price of their products accordingly, direct importers should surely capitalize on the generous price gouging we are allowing ourselves to be subjected to if this trend continues.  How long are we willing to tolerate such practices?

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Chad Gladstone

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