Svalutazione => Esportazioni...? - Moderatore
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By: Moderatore on Lunedì 21 Aprile 2014 19:44
il decalogo anti euro comunque contiene diversi errori:
#i# ... 7) Legge di Marshall-Lerner: questa legge ci dice che ad ogni punto % di SVALUTAZIONE monetaria corrisponde un AUMENTO delle esportazioni pari a +1,7%. Il Giappone è lì a dimostrarlo: una svalutazione dello Yen del 30%, operata negli ultimi 6 mesi, ha fatto quasi raddoppiare le esportazioni....#/i#
Questo per ora non si è verificato ed è già passato un anno e mezzo. C'era ad esempio la notizia oggi che il Giappone ha avuto il deficit verso l'estero record della sua storia, 137 miliardi di dollari (circa 100 mld di euro), questo dopo aver svalutato da novembre 2012 ad oggi di più del -25%
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#i# ^"Yen falls after Japan's trade deficit widens"#http://www.ft.com/intl/fastft^
Japan's currency has fallen against its major peers after the nation's trade deficit increased by 80 per cent between February and March.
The widening trade deficit from Y800bn in February to Y1.45tn in March was caused by the nation's imports continuing to bound ahead of exports, highlighting how Prime Minister Shinzo Abe's economic recovery campaign has failed to prompt the nation's manufacturers to expand overseas..... Japan's trade balance is tilting the wrong way because its exports are growing at a slower pace than imports.....
In March, exports rose 1.8 per cent, year on year. Analysts had expected a rise of 6.5 per cent. Imports increased by 18 per cent, which was also higher than forecasts.
Last April, the Bank of Japan began expanding the nation's monetary base, which weakened the currency. This was expected to raise Japan's exports by prompting manufacturers to take advantage of the soft currency to increase their sales in overseas markets.
Japanese export volumes have hardly risen, though, because the country's cautious corporate bosses are not expanding their international operations rapidly or slashing prices to grab market share...#/i#
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leggi qui Andrew Smithers per una ^discussione meno superficiale#http://blogs.ft.com/andrew-smithers/2014/04/the-link-between-japans-exports-and-gdp/^