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#1
13-08-2014, 05:00 PM
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Suddenly you find your savings is worth 25% lesser the day before
An honorable member of the Coffee Shop Has Just Posted the Following:
Spoke to a Japanese friend of mine that was visiting over last week. We spoke on the National day in Singapore and touch on a little on both side of the government. He brought up that due to Abenomics, his saving bought 25% less stuff, due to it. I recall the exchange rate used to be JPY100 to S$1.61 but now it's to S$1.22. He is a very hardworking person, 1 kid, wife not working, looking after the kid. Stayed in the outskirt of Tokyo, about 45 to 1 hour away from work, daily commute, all in about 2.5 hour. Small place, less then 800sq ft. Can't remember how much it cost back then, as he did tell me how much he bought it. Asked him about how he felt about his future and himself and his kid. He didn't reply, but can see that he is very worried. Will the yen drop another 25% or more due to Abenomics? and even buy less, should he spent it now and worry later. Click here to view the whole thread at www.sammyboy.com. 
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