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yen falling fast

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Posted by blackfox: Fri Apr 5th, 2013 03:15

1^st Post

noticed on the news that the japanese yen is taking a massive tumble ,wonder if this will equate to cheaper prices for cameras and lenses eventually .

Posted by Robert: Fri Apr 5th, 2013 03:51

2^nd Post

Or their inability to afford outside manufacture?

It may become uneconomic to outsource manufacturing to China etc. I have heard many UK companies are returning manufacturing to their home facilities, Even Apple are said to be doing this in the US.

What effect this will actually have on final pricing is anybodies guess. But I will hazard one anyway, it won't be downward...

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Posted by jk: Fri Apr 5th, 2013 04:40

3^rd Post

This factor (return to local manufacture) is something that we will see become increasingly common IMHO.
The glut of cheaper services and products has been achieved by exploitation of third world countries. This is modern slavery.

The above allied with the increased cost of shipping will drive costs up for everyone but at the same time this will bring an appreciation to people in the first world that everything does cost and that the marketing hype and gloss of consumerisation needs to be balanced with the more conservative values of need and affordability.
I beleve that in this new millenium we are seeing changes in peoples behaviours that might allow the species to draw back from the abyss of self destruction. There was a change after 9/11 events in 2001, again in 2008-2010 as the economic downturn happened.
The current younger generation are unfortunately caught is a shift of values and perspectives that can only be judged as desperate and heartbreaking for them and us as their parents.

Who knows what the future holds but we live in a world that we can easily destroy or live in for a very long time with some small but fundamental changesx in attitude.

End pf philosophy!

Yes I agree that we will see a general rise in prices for goods as the cheap labour market shrinks and wages rise.

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Posted by richw: Fri Apr 5th, 2013 08:16

4^th Post

Current supply chain thinking is that a lot of manufacture might move homeward, but a lot of the skills and tooling have gone.

Posted by jk: Fri Apr 5th, 2013 11:37

5^th Post

Yes indeed Rich.
The old British toolmakers and fitters were excellent and this shows when you look around the colonies! There are still many year old engines and products that are working and have been repaired and/or reused for other uses.

Skills once lost or discarded tend to be lost until there is a real need to retrain. This comes at a cost, sometimes a very large cost.

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