1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Japan currency UP ?????

Discussion in 'BlackHat Lounge' started by leisure, Mar 19, 2011.

  1. leisure

    leisure Registered Member

    Joined:
    Feb 9, 2011
    Messages:
    99
    Likes Received:
    5
    how come japan currency keep increasing after Bad happened?
     
  2. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

    Joined:
    Mar 5, 2009
    Messages:
    2,036
    Likes Received:
    3,553
    Gender:
    Female
    Occupation:
       
    Speculation.
     
  3. scriptomania

    scriptomania Junior Member

    Joined:
    Dec 28, 2010
    Messages:
    127
    Likes Received:
    249
    Occupation:
    A full time pirate at sea
    Location:
    The European capital of politics
    That was to be expected.
    Japanese investors and businesses will shift their assets back into the Yen in order to help/bank on the rebuilding process, thus the rise in currency value.
     
  4. Monrox

    Monrox Power Member

    Joined:
    Apr 9, 2010
    Messages:
    615
    Likes Received:
    579
    The country is not bankrupt, destroyed or at war. They have money in the bank but even that is not important. The destroyed infrastructure is insured so the owners don't even have to pay out of their pockets. Especially true for businesses. The same as with almost every developed country with some brain.

    As such, there will be lots of business opportunities to be had in the construction and logistics sphere. Also for lots of cheap labor from neighboring countries.
     
  5. NoirHat

    NoirHat Regular Member

    Joined:
    Feb 4, 2011
    Messages:
    369
    Likes Received:
    177
    central banks control currencies.
    investors don't have that kind of money to move it

    central banks ownz joo
     
  6. Haspel

    Haspel Power Member

    Joined:
    Oct 7, 2008
    Messages:
    644
    Likes Received:
    982
    Because of the insurance companies. Most of their assets are in foreign currency and now that they have to pay everyone they are switching them to yen hence rising its value.That and speculations.