Japanese importers profiteering by exploiting devalued Yen

Started May 17, 2013 | Discussions thread
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sunhorse Senior Member • Posts: 1,524
Re: Wrong

Lance B wrote:

Lance, the Thai Baht has actually *appreciated* in value against USD over the past 12 months. Just google "THB vs USD".

Sorry, I was reading it the wrong way round.

It just adds more credence to my belief that the outsourcing has had and affect on the cost that the Japanese companies have to deal with.

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Ramesh

I agree with you. It seems some people don't understand that the Yen being soft has little bearing on the final price of a product made in countries with strengthening currencies. There is another factor in that has an impact as well, at least for products made in Thailand: rising cost of living. Since the beginning of last year, the Thai government increased the minimum wage, first in Bangkok, then in every province. This had a wide ranging effect on the cost of goods, transportation and services.

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Ramesh

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