Japanese importers profiteering by exploiting devalued Yen

Started May 17, 2013 | Discussions thread
Chad Gladstone
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Re: Profiteering is a strong word
In reply to TOF guy, May 18, 2013

TOF guy wrote:

Japanese companies had to raise their price in other countries to make up for their currencies going way down.

The trend has reversed in the last few months. Obviously the same companies are using this opportunity to beef up their profits in yens. It is also wise to avoid following the trend too closely. In any case one of them will blink soon enough and lower its prices. Thanks to competition we'll see the prices go down again (except in Japan of course). Canon, we're counting on you  !

That's what any other company in any part of the world would do. You'd do the same if you were the head of one of these companies.

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Thierry - posted as regular forum member

Yes, the choice of words was perhaps too provocative.  I believe there is some vested interest in the subject that warrants further exploration.  It appears that the respondents have not taken an interest in exploring the topic any further than to question the factual basis for my perceived correlation that, given a sustained period of Yen devaluation, foreign purchasers of Japanese goods whether in dollars, pounds or euros, should expect the currency to have more buying power.

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Chad Gladstone

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