Nov17
Japanese Warning
By ASP
The Bank of Japan last night warned the country’s growth could be harmed by the continuing Eurozone debt crisis, the flooding in Thailand and the strength of the Yen. The Eurozone crisis has slowed the demand for Japanese goods in Europe. This combined with the disruption to supply chains following the floods in Thailand have resulted in a bleak outlook for the future.
As the JPY continues to strengthen, exporters goods will continue to become more expensive and therefore it is likely even less will be purchased in the coming quarters. If you have a need for JPY in the short terms please contact me on asp@currencies.co.uk
Archived in: Pound Sterling Forecast, Uncategorized