Hope Taiwan’s currency drop has the same effect (NT$ down 10%+ vs €, now at 35€ to one NT$). Los of Taiwanese visits helping money flow to japan 9fewer Japanese visiting Taiwan)
[Japan economy gets major boost from weak currency - BBC News]Spending by tourists is also expected to give the country’s economy an even bigger boost from this month
Weak currency is a hella of a powerful tool. I’m sure Taiwan also benefits from this but the fact of the matter is Taiwan dominates most of its niches. If we want to grow independently of global semiconductor/bike industry we need to find/create new niches.
hear hear, the silicon shield will wear off with time, better to diversify!
Good job, Japanese economy! Does this mean Taiwan will surpass Japan in nominal terms?
For domestic spending seems good. Having hard time making weekend restaurant reservations
Truer words, never spoken.