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Japan quake exposes fire risk to picturesque old neighborhoods
- January 3, 2024
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Any recent good samurai movies
- October 22, 2023
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Anything from around 1990 or newer, I love 2010 13 assassin’s anything like that that’s realistic and not…
7 comments
It’s kind of rough.
I did have a few job opportunities in tech in Japan, but with the dollar at 160, it’s simply not worth it.
Even with the difference in the cost of living, it stops making sense after a certain point if the intention is to save as much as you can.
Japan is sure to intervene to bring it back under 160, but the question is if the market keeps pushing and pushing, it’s going to get costlier and costlier to intervene. The last intervention cost around 60 billion (about double what all tourists brought in a year). Japan has strong currency reserves but the rate of depletion is no joke either.
If you had bought a off plan house in Tokyo 2 or 3 years back when the Yen was 100-130ish, and it finished building today or next year, you could have earned and saved in USD with that time, convert back when it is time to make the payment and total cost would be 30-40% cheaper?
Say the Tokyo apartment cost 1 million American dollars in 2021 but selling in Japanese Yen(say at 110, it is 110million Yen.) Since off plan builds are paid with a schedule, the lengthy build time allows one to put your money in USD to grow while they build it. If you calculated it at 160Yen now, 110million Yen divided by 160 is USD 687,500.
Thus, you would have paid for a million dollar worth house on completion with only 2/3s of what it originally was if the Yen didn’t weaken so much. Of course one can’t see the future, and it takes courage to move that money into USD markets during that time. But understanding currency swings are very beneficial when buying real estate internationally.
You guys should earn USD and buy Pokemon sets.
As someone making usd here, im in heaven.
The floating currency rate does not affect people’s living. It affects trading and expenses involving currency exchange. As long as your salary will be adjusted to inflation, living and working in Japan should be considered based on the local cost of living.
wonder when will it return
“I can go lower”
-Dennis Reynolds