Wednesday, October 30, 2024
Perang hapon (Reminder of Japanese currency in PHL during WW2) Japanese yen Y160 = $1
Looking forward to the future of business
There used to be 25 top Japanese companies in the world; now there is only one. Tourism is becoming Japan/s dollar earners. It has lost its technical prowess. Japanese companies used to be the model for management practices by this post. It can not be longer said of Japan now.
Japan has lost out to China.
Japan economist managers engaged in a lot of financial and fiscal experiments, like negative intereest rates, printing too much currency etc.
The Japnese yen lost 1/3 of its value vs US dollar. What will happen next?
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