I received my first order today from South America. It was perhaps remiss of me not to target this market because there are considerable numbers of Spanish speaking South Americans in Japan. Of course there are obvious candidates like the former President of Peru - Mr Fujimori. I have yet to receive an order from him....but maybe he works through offshore companies. I can understand that - politics suxs.
For South Americans in Japan I suggest you are better off with your savings in Yen because your currency is pegged to the USD (I understand), and the USD outlook is not good. Its true that there is likely to be some effort to rebuild US savings by raising rates, but I would also expect a fair amount of printing USD.
The other issue of course is recognising the need to pay rent. It makes more sense to buy property here, particularly if you are able to get a loan in Japan, or your partner is able. The high yielding Japanese property makes particular sense at this time, and that means buying in the outer areas of the main cities since you have to work...unless you are Fujimori with many minders.
So if you are from Peru, Brazil, Colombia, Venezuela, Chile or Argentina, I would suggest that it is premature to invest in these markets unless you are buying remote rural land. You are better off investing in Japanese property than holding savings in your local savings given that we are going to experience a wave of global inflation.
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Andrew Sheldon www.sheldonthinks.com
For South Americans in Japan I suggest you are better off with your savings in Yen because your currency is pegged to the USD (I understand), and the USD outlook is not good. Its true that there is likely to be some effort to rebuild US savings by raising rates, but I would also expect a fair amount of printing USD.
The other issue of course is recognising the need to pay rent. It makes more sense to buy property here, particularly if you are able to get a loan in Japan, or your partner is able. The high yielding Japanese property makes particular sense at this time, and that means buying in the outer areas of the main cities since you have to work...unless you are Fujimori with many minders.
So if you are from Peru, Brazil, Colombia, Venezuela, Chile or Argentina, I would suggest that it is premature to invest in these markets unless you are buying remote rural land. You are better off investing in Japanese property than holding savings in your local savings given that we are going to experience a wave of global inflation.
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Andrew Sheldon www.sheldonthinks.com
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