Came across a comment as follows:
For an economy that is 60% consumer spending, the last thing you would want to do is wreck the currency and import inflation. Yes, it helps the 15% of your economy that is export based, but kills the majority with inflation.
Parity soon Yen=S$
Just saw Yen100=S$1.102
For an economy that is 60% consumer spending, the last thing you would want to do is wreck the currency and import inflation. Yes, it helps the 15% of your economy that is export based, but kills the majority with inflation.
Parity soon Yen=S$
Just saw Yen100=S$1.102
