How does having lower currency rate helps these countries with their exports?
2007-06-02 01:04:40 · 6 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Japanese Yen is not that cheap.
today US$1 = JP¥121 (yen)
But 100 yen coin is like 1 dollar coin when you shop. This mean 121 yen is like 1 dollar and 21 cents.
2007-06-05 01:28:32 · answer #1 · answered by Joriental 6 · 0⤊ 1⤋
Mostly because of a trade surplus created as a result of the lower currency value. Productivity is still the honest way however.
2007-06-02 01:41:12 · answer #2 · answered by screaming monk 6 · 0⤊ 1⤋
Currency doesn't really affect the economic strength of a country. It's their imports and exports and also their industrial strength
2007-06-02 01:08:03 · answer #3 · answered by รզlεսռց ☆ 6 · 0⤊ 1⤋
China because of cheap labor. Japan because of high quality and good business reputation.
2007-06-02 08:22:01 · answer #4 · answered by jdkilp 7 · 0⤊ 1⤋
I saw this question in my graduate Financial Analysis course. Do your homework and ask your professor for assistance.
2007-06-02 01:13:00 · answer #5 · answered by Terry E 4 · 0⤊ 1⤋
Cheap labor.
2007-06-02 01:12:50 · answer #6 · answered by jamoca 7 · 0⤊ 1⤋