Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.

  • scraeming [he/him]
    ·
    2 years ago

    The output of workers in Japan is half that of workers in the US or something

    That's what happens when your country obsessively protects its dinosaur corporate entities to the point that they still use fucking fax machines in the country with the reputation as the most technologically forward-thinking place on the planet. Japan's had an issue with being so hyper-focused on the idea of "if it ain't broke don't fix it" for so long that they rewrote what "broke" means to continue to avoid fixing anything.

    • WideningGyro [any]
      ·
      2 years ago

      Hell Germany has a similar reputation and yet SO many of their large businesses still use fax

    • emizeko [they/them]
      ·
      2 years ago

      it's comical, there are tons of cross-company procedures that cannot be done any other way than by fax machine