Forex Focus: The Japanese Yen

So far, the nearest and closest competitor of the United States economy is found in the Far East. No, it's not yet the big China, but Japan. The Japanese market and economy has boomed steadily since the early 1900s and its trade has expanded coming from the East Asia to the Southeastern Asia, to America, and to the rest of the world. No wonder that it is a competitor of the US and the US dollar. The United States imports more than a quarter of all Japanese exports. Hence, whatever crunch or bunch that happens in the east is experienced in the same avenue in the west.

The Japanese Yen is one of the strongest currencies in the world. Owing to a very strong home economy and vast trade, the Yen is traded by almost all traders, and this is a common knowledge among those in forex.

The main products and exports of Japan are electronic gadgets, computers, and cars. These are products of the 21st century - giving the land of the rising sun a more promising economy in the following years to come.

Countries and other major economies also feel their dependence over the Japanese economy and yen. Aside from the United States, this country's exports reach Taiwan, China, Singapore, South Korea and Hong Kong. Likewise, Japan imports raw materials such as oil, food, and wood from China, Australia, Indonesia, and the United States of America.

Continued innovation is the key for Japanese success. Their science and education has continued to produce products and improvements in technology industries that make them number one in life improvements the world around. Japanese corporations are also the strongest in the world in any field they are into.

Their corporations are models for dynamism and innovation, but in keeping with their culture and sense of commitment to the Japanese people. Their corporate culture is envy to any one around the world because it moves forward everybody in the organization. Loyalty is a value deep entrenched to their national culture, and amazingly, it permeates even to their private organizational and business values.

Hence, traders the world over are keeping their close monitor on the Japanese Yen. Aside from that, they also keep their resources and contacts for this particular trade close to their minds and hearts - much like the Japanese would do. We expect that in the next decade or two, trade with Japan will grow as much as other countries around it will.