You missed a big reason. Nikkei said 'cloud deficit' is a huge part of reasons. In past Japanese locals watched TV and TV charged ad revenue. Now they turned to youtube, paid microsoft subscriptions and netflix etc.... American tech companies just gain foothold and revenues from everywhere of the world. The payment imbalances from that do not seem to be reversible to me.
You missed a big reason. Nikkei said 'cloud deficit' is a huge part of reasons. In past Japanese locals watched TV and TV charged ad revenue. Now they turned to youtube, paid microsoft subscriptions and netflix etc.... American tech companies just gain foothold and revenues from everywhere of the world. The payment imbalances from that do not seem to be reversible to me.
Plaza Accord works well.
-USA
yen is so cheap!