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Why exporters from Japan prefer to have a weaker Japanese Yen? What is the effect of weaker Japanese Yen to the consumers and manufacturers in United State?
Why exporters from Japan prefer to have a weaker Japanese Yen? What is the effect of weaker Japanese Yen to the consumers and manufacturers in United State?
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- Kingpin
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- 1 year ago
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Japan is a leading Exporter of the world and because of this it allows its products to be affordable to other nations for purchase at cheaper rates. If the rate where to rise so would the prices. This would cause importers of other nations more money to import and making the end price to the consumer higher which might deter purchasing Japanese goods.
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Japan is basically an export oriented country.Hence when Yen is weak against dollar, exporters would profit more from it. Its products will be cheaper to US consumers and manufacturers.So weak yen causes the importers from US to prefer importing products and goods from Japan. |
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Weaker JPY would be good for Japan exports and more competitive in the world market but more pressure to the other nations manufactors. |
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Japan is an export oriented economy a weaker japanese Yen makes Japan products to cheaper in the outside world. Consumers in the US will have to pay less for the imported goods from Japan US manufacturals are facing a real compitition from countries like Japan manufacturals |
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A weaker yen makes Japanese industries more competitive- helps the Japanese export sector by making its products cheaper to consumers around the world. Foreign buyers benefit as they are able to buy Japanese products at cheaper prices. |
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