Japanese importers profiteering by exploiting devalued Yen

Started May 17, 2013 | Discussions thread
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ragspix Contributing Member • Posts: 918
Re: Profiteering is a strong word

While you brought up an excellent point; these companies have hedge currency traders mitigating the fluctuations.

Some interesting points regarding the currency effects of outsourced countries.

My guess is, these companies have long term manufacturing contracts that are free of currency fluctuations until the contract renewal.

Then if they're too high (due to currency) the product is outsourced to another country and the prime company may send engineering help to the new subcontractor.

Interesting thread, however this is under the radar of the consumer.

Rags

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