The value of Euro fell in last autumn. At that time, the home-delivered pizza shop in the vicinity distributed the handbill of "Appreciation of the yen reduction". It is said that the marginal profit was caused in tomato sauce and the cheese of "Italy direct import".
When it informs them of the price cut, it advertises that the taste of Italy is good.
The enterprise that deals to the foreign country by this super-strong yen might be every day of fluctuating between hopes and fears. As for the big enterprise, the appreciation of the yen of one yen loses several ten billion yen a year. All exporters are worried. On the other hand, overseas tourists add the shopping list, and the pizzeria thinks about the next advertisement.
Yen exchange rate has approached the highest price at one dollar = 76.25 yen temporarily set immediately after the earthquake. The anxiety about the demotion doesn't disappear though the United States bond came off default, that is, the crisis of the state bankruptcy for the time being. The current business is also insecure.
It is said that it is a result of "Weakness comparison" of the dollar and Euro that yen is bought in spite of the earthquake. There are financial assets of households of one quadrillion yen or more in Japan, and the consumption tax rate is also still low. However, the debt of the country is almost 900 trillion yen. It becomes impossible to cover by "Funds on hand" sooner or later.
The hard-liner of the Republican Party that called the tea party resisted the extra issuance of national bonds in the United States to the last minute. They request the small government, and oppose the tax increase. They will brew up a disturbance in next year's presidential election.
Appreciation of the yen might be a good chance to think about "Credit capability of the nation". There is no time left for the fiscal reform of our country enough due to the earthquake. How is the pizza of the annual revenue that shrinks by the falling birthrate shared? The tax increase and the annual expenditure decrease should be balanced well.
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