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Thread: Weakening of Yen has caused a drop in prices of camera?

  1. #21

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    I hope the moderator will move this topic out of Equipment Discussion as it is out of hand...then perhaps I will also respond to the threadsetter, being Economics trained and a former FX and Money Mkt Dealer/Trader with more than 12 years of experience.

  2. #22
    Moderator daredevil123's Avatar
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    since some folks have complained that this thread becoming too non-photography related. Moving this discussion to Kopitiam.
    Last edited by daredevil123; 17th May 2013 at 12:15 AM.

  3. #23

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Does a weakening of yen will cause a drop in price of cameras (assuming Japan made)?
    If the majority of the value of the parts and assembly are from Japan, then theoretically, prices have a stronger potential to drop in the export market.
    On the other hand, if parts are sourced from other countries (especially those whose currency has appreciated against the yen), or even assembled there, then the cost of parts to the Japanese company has risen actually and may even cost more than before to manufacture.
    The 2nd scenario is the current state of pricing of most electronic goods. This the simplistic straightforward answer from an economist point of view.
    There are of course many factors that will affect, like whether there was hedging done, holdings in USD and JPY, current stock levels, etc
    Of course, in real life, whether prices move, also depend on the contractual agreement and the discretion of the agent since cameras are not goods of necessity and neither are there hordes of competitors and their consumers are already brand loyalists (at least most in the DSLR segment).
    The question of pricing is on the local agent of whether price movements serve their interests first. Big movement is pricing is bad for retailers who already has existing stock at old prices unless the agent gives some form of compensation. Hence you notice some retailers do not hold certain brands, mainly because margins are low or the agent keeps lowering prices without adequate compensation.
    So will prices come down? I won't bet on it that it will be significant but I will not be surprised if bundled purchase and attractive purchase with purchase offers are made, mainly to rid of slow-moving model of lens or overstocked lens or because new models are coming.

  4. #24

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Quote Originally Posted by SNAPDINER View Post
    Does a weakening of yen will cause a drop in price of cameras (assuming Japan made)?
    If the majority of the value of the parts and assembly are from Japan, then theoretically, prices have a stronger potential to drop in the export market.
    On the other hand, if parts are sourced from other countries (especially those whose currency has appreciated against the yen), or even assembled there, then the cost of parts to the Japanese company has risen actually and may even cost more than before to manufacture.
    The 2nd scenario is the current state of pricing of most electronic goods. This the simplistic straightforward answer from an economist point of view.
    There are of course many factors that will affect, like whether there was hedging done, holdings in USD and JPY, current stock levels, etc
    Of course, in real life, whether prices move, also depend on the contractual agreement and the discretion of the agent since cameras are not goods of necessity and neither are there hordes of competitors and their consumers are already brand loyalists (at least most in the DSLR segment).
    The question of pricing is on the local agent of whether price movements serve their interests first. Big movement is pricing is bad for retailers who already has existing stock at old prices unless the agent gives some form of compensation. Hence you notice some retailers do not hold certain brands, mainly because margins are low or the agent keeps lowering prices without adequate compensation.
    So will prices come down? I won't bet on it that it will be significant but I will not be surprised if bundled purchase and attractive purchase with purchase offers are made, mainly to rid of slow-moving model of lens or overstocked lens or because new models are coming.
    LoL.

    i think i did point out a basic form of what you mentioned in one of the first few replies.

    but your's are more eloquent and professional. i'm also quite interested in economics, despite not having much of an education.

  5. #25
    Senior Member UncleFai's Avatar
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    Default

    I said it many times and I will say it again:


    The First Principle of Capitalism: the price of a product is not determined by its cost, it is SOLELY determined by what the consumer is willing to pay.

  6. #26
    Moderator ed9119's Avatar
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    2 years ago I went when $1 bought 65yen
    now $1 can buy almost 82yen

    whatever whatever..... I'm planning a long Japan holiday this year !!
    shaddap and just shoot .... up close
    Walkeast

  7. #27

    Default

    Quote Originally Posted by ed9119 View Post
    2 years ago I went when $1 bought 65yen
    now $1 can buy almost 82yen

    whatever whatever..... I'm planning a long Japan holiday this year !!
    Me too! Back to the motherland for a trip this year!!

  8. #28

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    most parts of camera are made offshore... MIT (made in Taiwan...or made in THailand)...
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  9. #29

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    The weakening of the Yen will help to improve the Japanese economy in the mid term.
    In the past decade, due to the strengthening of the Yen, Japanese products became uncompetitive and many companies closed down. Many chose to go oversea for their manufacturing. Many high-tech operations actually moved to Taiwan and Korea.
    Now that the Yen has weaken, many will move back these operations back to Japan, and we should be able to see many quality products from Japan. I am sure the Yen will still go south for a while.
    always the Light, .... always.

  10. #30

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Quote Originally Posted by Canonised View Post
    The weakening of the Yen will help to improve the Japanese economy in the mid term.
    In the past decade, due to the strengthening of the Yen, Japanese products became uncompetitive and many companies closed down. Many chose to go oversea for their manufacturing. Many high-tech operations actually moved to Taiwan and Korea.
    Now that the Yen has weaken, many will move back these operations back to Japan, and we should be able to see many quality products from Japan. I am sure the Yen will still go south for a while.
    nopeeeeeeeeeeee
    Analyst reports Japanese conglomerates repatriating $ to JPY to book in FX gains. This money doesn't go anywhere and gets stuck.
    USDJPY will continue its direction but BOJ key board members say it's "unsustainable"... BOJ does not have a huge warchest to keep deflating JPY.
    Basically BOJ is almost directly giving JPY to conglomerates...

    anyway those who are doing Nikkei225 vs USDJPY will notice a very strong correlation between N225 price and USDJPY ... just a rant... meow
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  11. #31
    Senior Member Dfive's Avatar
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Quote Originally Posted by Jedi View Post
    Prices of grey set cameras from our favourite stores have tumbled. Not sure whether it has to do with the falling YEN. Anyway, it is good news to the buyers.

    Of course, it is a grey set with 12 months shop warranty. But isn't it better than a 2nd hand set without warranty?

    On the other hand, local Canon agent sets remain high as prices are controlled by Canon Singapore.
    I support my local SG stores... even IF you save a $$$ elsewhere !

    As for high prices, look at al Apple products, all Leica, The Sony RX1 even... yes some dealers try to price fix.... many rich people here so why not try to make as much $$$ as you can... hahahaha

    ( in Australia price fixing is illegal !! )
    Last edited by Dfive; 20th May 2013 at 10:20 AM.
    See my WTS items.. :) Any sales is by meet up face to face, payment is cash only.

  12. #32
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    一落千丈

    Oh well, wait and see the show. It has rebounded today...a little bit.

    BBC TV news says it wiped US$300 Billion in one day.

    ASIA MARKETS: Japan Stocks Plunge Back Into Losses | Fox Business

    Japan stocks plunge on weak China data - May. 23, 2013

    Perhaps 19 Oct 1987 had similar omens?


    [photo credit: money.cnn.com]

    Last edited by ricohflex; 24th May 2013 at 04:54 PM.

  13. #33
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    1 week later another drop (about 30 May 2013). Monitor this.

    Is the Abenomics honeymoon over?

    [Image credit: Money.CNN.Com]

    Last edited by ricohflex; 30th May 2013 at 10:21 PM.

  14. #34

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Weaker Yen..

    Stronger SDG..

    Also there are two Canon fatories in China......

    How abt Nikon..do they have any or else where?

  15. #35
    Member Foxshade's Avatar
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Quote Originally Posted by Yappy View Post
    How abt Nikon..do they have any or else where?
    Thailand.
    Almost all DX lenses and bodies are made in Thailand.
    A true photograph need not be explained, nor can it be contained in words.
    ~Ansel Adams

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  17. #37
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    13 June 2013 - today.

    Nikkei Plunges 6.4%; Re-Enters Bear Market

    It is a massacre.

    Abenomics falling apart.

    Graphic credit: CNNMoney
    Last edited by ricohflex; 13th June 2013 at 07:59 PM.

  18. #38
    Moderator ed9119's Avatar
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    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Quote Originally Posted by Jedi View Post
    Prices of grey set cameras from our favourite stores have tumbled. Not sure whether it has to do with the falling YEN. Anyway, it is good news to the buyers.

    Of course, it is a grey set with 12 months shop warranty. But isn't it better than a 2nd hand set without warranty?

    On the other hand, local Canon agent sets remain high as prices are controlled by Canon Singapore.
    Japanese Yen since then has moved back up strongly from 105 a couple of weeks back to 95 against the US Dollar ..... so how ? Should we expect Japanese camera prices to now rise?
    shaddap and just shoot .... up close
    Walkeast

  19. #39

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Quote Originally Posted by ed9119 View Post
    Japanese Yen since then has moved back up strongly from 105 a couple of weeks back to 95 against the US Dollar ..... so how ? Should we expect Japanese camera prices to now rise?
    very wild swing the past week. prices might not rise, especially for cameras MIT. . . made in Taiwan or Thailand.
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  20. #40

    Default Re: Weakening of Yen has caused a drop in prices of camera?

    Quote Originally Posted by ricohflex View Post
    13 June 2013 - today.

    Nikkei Plunges 6.4%; Re-Enters Bear Market

    It is a massacre.

    Abenomics falling apart.

    Graphic credit: CNNMoney
    did you even read the entire report, or just read the title?

    "In my personal opinion, this is deep consolidation phase. I would expect that that's going to continue for another 3-4 weeks but afterwards I do think earnings visibility in Japan is going to pull shares higher again," said Jesper Koll, managing director at JP Morgan Securities.
    In response to the steep falls, Bank of Japan Governor Haruhiko Kuroda was quoted by the Nikkei business daily as saying that the Japanese economy is on a steady path to recovery and that financial markets will calm down over time.
    people always expect that a fall means doom.

    but economics is more complex than that.

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