Is the financial crisis killing you?
Posted: 01 Nov 2008, 11:55
No, I’m not a stock broker, but a R2J addict. And generally in love with Japan.
They always say that Japan is so expensive, and I say it’s bullshit. You get a good meal and accommodation for cheaper in Tokyo than in Helsinki (well, Helsinki isn’t a cheap city, that’s true). But now, if you get your paycheck in euro Japan really is expensive as hell.
August 2008: 1 euro = 169 yen
November 2008: 1 euro = 125 yen
(a week ago 1 euro was 115 yen)
What that means is that everything in Japan is now 35% more expensive to euro people than 3 months ago. 35%!!!! Fuck!!!!
As for dvd shopping now I have to go back to yesasia because they have fixed dollar prices, and are slow at reacting to changes in currency values. Same in english: While for example Toei dvds cost 4500 yen in Japan, they always cost a certain same amount of dollars at yesasia. The dollar prices are set, and only rarely updated. Cdjapan used to be cheaper than yesasia (especially with frequent shopper points and affliate commission) but now yesasia has better prices because while yen went up to heaven, they still have the same old dollar prices for the japanese items. However, it must be noted that dollar never encountered the same kind of drop compared to yen than euro did.
Yesasia will probably update (higher) their prices at some point, but they are slow. Last winter it was a similar situation; dollar was very weak, and suddenly they had the cheapest R2Js on the net (assuming that you get your money in some other currency than dollar). It took them several months before they rised the prices.
Right now it’s the same situation: their product prices are the same as cdjapan’s, but they offer free shipping (they pay for the shipping), and are located in HK (they most likely pay more to get the stock than cdjapan does). Their winning margin must be rather low.
Notice that this is all from euro point of view. Maybe someone can shed light on how it’s gone with the other currencies.
They always say that Japan is so expensive, and I say it’s bullshit. You get a good meal and accommodation for cheaper in Tokyo than in Helsinki (well, Helsinki isn’t a cheap city, that’s true). But now, if you get your paycheck in euro Japan really is expensive as hell.
August 2008: 1 euro = 169 yen
November 2008: 1 euro = 125 yen
(a week ago 1 euro was 115 yen)
What that means is that everything in Japan is now 35% more expensive to euro people than 3 months ago. 35%!!!! Fuck!!!!
As for dvd shopping now I have to go back to yesasia because they have fixed dollar prices, and are slow at reacting to changes in currency values. Same in english: While for example Toei dvds cost 4500 yen in Japan, they always cost a certain same amount of dollars at yesasia. The dollar prices are set, and only rarely updated. Cdjapan used to be cheaper than yesasia (especially with frequent shopper points and affliate commission) but now yesasia has better prices because while yen went up to heaven, they still have the same old dollar prices for the japanese items. However, it must be noted that dollar never encountered the same kind of drop compared to yen than euro did.
Yesasia will probably update (higher) their prices at some point, but they are slow. Last winter it was a similar situation; dollar was very weak, and suddenly they had the cheapest R2Js on the net (assuming that you get your money in some other currency than dollar). It took them several months before they rised the prices.
Right now it’s the same situation: their product prices are the same as cdjapan’s, but they offer free shipping (they pay for the shipping), and are located in HK (they most likely pay more to get the stock than cdjapan does). Their winning margin must be rather low.
Notice that this is all from euro point of view. Maybe someone can shed light on how it’s gone with the other currencies.