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Who charges their buddy 15 USD exchange fees on 100 USD? :(
That's the wrong read. It's more that it's easy to understand. "I will give you a 100 dollar bill, please give me a 10,000 yen bill."
In 1985, USDJPY was around 250:1, why 160:1 is now a problem? With almost all of its industries no longer in a leading position, with its car industry being demolished by EVs, 250:1 is what it is heading.
Always seems to go wrong. Like spraying water on a forest fire with a straw.
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Because that was 1985, and this is now. Entire supply chains, input costs, planning, etc. have been built around the assumption of the JPY trading in some sort of range. Of course that will change over time, if it hasn't already. The Japanese government's messaging about this has been that they're not really worried about the currency weakening (after all they're massive net exporters! it should be a good thing), but…
Most large companies hedge their exposition to FX rates.
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Who charges their buddy 15 USD exchange fees on 100 USD? :(
He literally put 100USD in front of me, said he forgot to get more yen before his trip, and asked for a favor. Am I really in the wrong from your perspective?
And as you said, "it was an easy 15 bucks". You were very aware of what you were doing: easy money off your "friend", instead of friends not minding a few dollars missing here or there.
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He literally put 100USD in front of me, said he forgot to get more yen before his trip, and asked for a favor. Am I really in the wrong from your perspective?
You could have given him the bill for his immediate expenses and later give him the difference. Or pay him a beer or a lunch to make up for it. I'd never take advantage of a friend in need like that. And as you said, "it was an easy 15 bucks". You were very aware of what you were doing: easy money off your "friend", instead of friends not minding a few dollars missing here or there.
In 1985, USDJPY was around 250:1, why 160:1 is now a problem? With almost all of its industries no longer in a leading position, with its car industry being demolished by EVs, 250:1 is what it is heading.
Earlier quoted context omitted.
Who charges their buddy 15 USD exchange fees on 100 USD? :(
He literally put 100USD in front of me, said he forgot to get more yen before his trip, and asked for a favor. Am I really in the wrong from your perspective?