Hello,
I'm an American living in Japan with a Japanese YEN salary and the YEN is at an all time low against the dollar right now, which is raising a lot of concern. When I came in April, 2005, the yen was 105/dollar. Now, it's 123/dollar, which means 17 to 19% of my earnings are... gone. (I haven't converted/transferred any of my money yet.)
Obviously no one can answer questions about whether the yen will get stronger or not; Rather, I'm looking for suggestions on what to do with my money. I've read in a few places that the Japanese economy (even though stocks are at a record high right now) is still worthwhile to invest in since it's expected to be on the rise (a bull economy) until 2010 or so.
As an American living in Japan with a Japanese YEN salary, what is the best thing to do?
1) Wait and do nothing & hope for the YEN to get stronger.
2) Invest in Japanese stock
3) Invest in American (or other) stock
4) Other
Ideas?
2007-06-19
04:19:48
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3 answers
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asked by
JonBHRY
1
in
Investing