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A comment on Japan's inflation hits 40-year high as weak yen fans import costs. Parent comment

Re:Japan's inflation hits 40-year high as weak yen fans impo... by petesergeant on Friday November 18, 2022 @09:43AM (#33655409)
> "I currently in x and get paid in USD"

is currently a great place to be

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Re:Japan's inflation hits 40-year high as weak yen fans impo... by NovemberWhiskey on Friday November 18, 2022 @10:54AM (#33656528)
... for x != USA.
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Re:Japan's inflation hits 40-year high as weak yen fans impo... by nivenkos on Friday November 18, 2022 @12:06PM (#33657786)
For now.

I think this will lead to the end of the petrodollar eventually. The world won't put up with it forever.

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Re:Japan's inflation hits 40-year high as weak yen fans impo... by adamc on Friday November 18, 2022 @12:36PM (#33658349)
Unlikely in the foreseeable term, not because the world loves dollars, but because there are few good alternatives. Euros are probably the best alternative, but studies have suggested that the US is a better place for holding assets. See, for example, https://www.nber.org/digest/apr20/why-euro-hasnt-become-inte...

Money keeps flowing into the US because it is perceived as safer.

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Re:Japan's inflation hits 40-year high as weak yen fans impo... by avbanks on Friday November 18, 2022 @12:12PM (#33657885)
https://www.nakedcapitalism.com/2022/11/debunking-the-petrod....
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Re:Japan's inflation hits 40-year high as weak yen fans impo... by killingtime74 on Friday November 18, 2022 @01:54PM (#33660016)
What will we use.... Euros? Renmenbi? Lol
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Re:Japan's inflation hits 40-year high as weak yen fans impo... by nivenkos on Friday November 18, 2022 @03:04PM (#33661231)
China proposed using SDRs before.
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