Oh Goody. We don't have to worry about Japan anymore. They are finished forever. Their people are going to be starving in the streets and all their industries are going bye bye. I guess we will soon be hearing bankruptcy notices from the likes of Toyota, Honda, Hitachi, Mitsubishi el al and that they are permanently closing down their operations. Thanks for the great news./////
Who was worried in the first place? Did you heart flutter when they bought Rockefeller Center and got soaked on the deal?
They are finished forever.
I don't assert it, or expect it, neither should you.
Their people are going to be starving in the streets and all their industries are going bye bye.
I doubt that, but their social welfare net is about to get a lot heavier, which isn't going to help them barring some major reforms. Is your answer for them to have more tariffs on our goods and provide their consumers less options to improve their lives?
I guess we will soon be hearing bankruptcy notices from the likes of Toyota, Honda, Hitachi, Mitsubishi el al and that they are permanently closing down their operations.
It'll more likely be companies you haven't heard of. Their banks continue to carry bad debt, they don't write it off like Westerners do. The government has also been infusing cash into businesses to try and keep them afloat (it was mentioned earlier in the thread they're practically being paid to take on more debt, but are refusing). It's not working. What's your fix? More protectionism?