>>Is that because Japan has invested so much manufacturing in lower cost Asian centers,so that their cost of manufacturing goes down with each country's devaluation ?<<
I believe that is exactly what the business leaders were driving at. That's why the statement about China devaluing was so significant. It appeared to me (I could easily be wrong) that they were saying, let them collapse around us, we can then pick up cheaper goods, incorporate them into our products, and sell more to the Americans. Remember this is only my opinion of their remarks. Also, recall, I just stumbled upon there comments while browsing the Japanese papers. I really don't think they would ever publicly have this conversation.
>>Export export export, will only work so long as there are willing buyers. Won't the Toyotas start stacking up at the shipyards at some point ? American chip sellers are already experiencing this effect with regard to Asian customers.<<
Yes, they will pile up sometime. Key word, "Sometime." Everyone has a job here in the US (that wants one), everyone spends most of their money. When that money is gone, they spend more on credit cards...it could go on for a long time. The part of the article I cut out referred to the US's voracious appetite.
MikeM(From Florida) |
