You decide to work in japan for the next 10 years, accumulate some savings, then move back to the united states and convert your savings from yen to dollars. at the time of your move, economists predict that consumers in the united states have reignited their love of japanese products, especially hybrid cars, and expect that this strong preference for japanese products will continue for the next decade. how should this influence your decision to work and save in japan?

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15 May, 05:09

You decide to work in japan for the next 10 years, accumulate some savings, then move back to the united states and convert your savings from yen to dollars. at the time of your move, economists predict that consumers in the united states have reignited their love of japanese products, especially hybrid cars, and expect that this strong preference for japanese products will continue for the next decade. how should this influence your decision to work and save in japan?

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Jason Medina · Answer 1

You should be encouraged to work in Japan as the growing American preference for Japanese goods will lead to an increase the value of the yen relative to the U. S dollar and raise the value of your savings when converted to dollars.