No reporting here that Toyota and their steel vendors first called the Bank of Japan to get the CB's permission to reduce the price.... hmmmmm.
As resource costs slide: Toyota's steel sheet suppliers to cut prices 6% http://t.co/cIU3ZCMDAS
— Nikkei Asian Review (@NAR) August 19, 2015
3 comments:
"No reporting here that Toyota and their steel vendors first called the Bank of Japan to get the CB's permission to reduce the price.... hmmmmm."
They did? Interesting stuff. How do things work in Japan then?
Random no I was being sarcastic...
My point is that the firms set their own prices... CBs/banks follow the lead of firms...
So when people say "Japan has lowered the JPY to help exports!" this is untrue because one can never find a policy statement that states this intention... this is 'black helicopter' type thinking....
iow where is the policy statement out of Japan where a couple of years ago when the JPY was at 75, they came out and said "hey! we are going to move the rate to 125 over the next 2 years!"
I cant find it.... because it doesnt exist...
BUT.... I CAN find statements by firms where they disclose they lower and raise prices ALL THE TIME....
rsp,
OK. I need to rejuvenate my sarcasm detectors ;)
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