200-250 yen to USD. What are your thoughts on this? He is actually planning to transfer back to the US early next year with his family.
I’m not a banker, but basically he said that while the US printed money like crazy and is facing high inflation, the US can still control it by raising interest rates and is able to bear the effects because the economy is still the strongest in the world, whereas Japan actually did the same thing that the US did, but actually did it way more and is basically now completely fucked. He said the yen should already be at 200 but the BOJ has been selling off bonds like crazy to prevent catastrophe, and that Japan will be unable to do this for much longer than two years after which the yen is going to plummet.
If this is the case, do you guys have any contingency plans? Looks like we’re about to face a very serious recession here and Japan’s economy has already been faltering recently it seems. I was considering giving up my US citizenship eventually but now I’m not so sure.
Anyone have insight into this?