1. The Federal Reserve has no plans to cut interest rates in the near future.
2. Oil prices have surged due to the Middle East wars.
I think these two points basically explain the currency depreciation in most Asian countries.
Miscellaneous News
- Thread starter bd popeye
- Start date
2. Oil prices have surged due to the Middle East wars.
I think these two points basically explain the currency depreciation in most Asian countries.
Don't know much about Turkey, but for Japan:
1. Major industries (ship building, car making, consumer electronics) losing competitiveness. South Korea is also somewhat impacted but South Korea has things like chip making to cushion the impact.
2. Long term mismanagement domestically - you all saw the problem with agriculture causing high rice prices
3. China's ban on dual use goods starting to bite, one estimate I saw this week is two more month and we should see zero stockpile remaining for some on the list. You can see in recent days they're starting make noise about tungsten.
4. Government is not even admitting to the above problems due to winnism, much less doing anything about it. See how the government was trying to stop chips (the potato kind) producers from switching to black and white packaging to reduce naphtha usage.
Trump and others can make political mileage out of it but Abraham Accord for Putin is about modern Scientific and teaching methods transferred to Islamic Civilization. Muslims in Academia that culture Putin really want.
Kazakhstan and UAE has fully understood that point and they want every one else to know it.
It is not just this visit but previous visit to Moscow of Kazak President following Abraham accord was highlighted in Arabic media.
Putin main topic is AI and digital economy. the same topic that Israeli President mentioned during his visit to Kazakhstan few weeks ago.
If the Japanese government had any other options, they wouldn't have let Sanae Takaichi come to power! Now they can only rely on fanatical right-wing forces to try and get through this difficult time, For example, Sanae Kaoshi could call on people to eat grass to solve the food problem.
Japanese people have been a herbivorous people since ancient times. Surrounded by such dense jungles, how can you report a food shortage?
Last edited:
Both are energy importers. When i say energy it include every kind of minerals.
When Russia invaded Ukraine in 2022. This Lithium prices also increased but EV were not that big so prices came down but this time the surge is even faster than Oil.
what for?
Ask any Japanese and they will tell you. The damn foreigners are eating all the money and it also has something to do with foreigners kicking all the deer!
