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Re: [tlug] How much of radiations measured in Central Tokyo?





On Thu, Mar 17, 2011 at 10:40 AM, Darren Cook <darren@example.com> wrote:
> Speaking of economic consequences, why is the yen so strong now?


>> Japanese Insurances companies are repatriating Yen-funds from abroad (huge amount ) to finance the reconstruction and back the victims


 

Speculators, guessing that foreign companies will bring back foreign
funds into yen.
On the plus side it means oil, food and everything else Japan imports is
at a 20% discount to what it would be if the yen was at 100 yen/$.
Hopefully Japan will stockpile like crazy, then print loads of money
(while giving the finger to the rest of the G7).

Darren

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Darren Cook, Software Researcher/Developer

http://dcook.org/work/ (About me and my work)
http://dcook.org/blogs.html (My blogs and articles)

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