"the yen is not a sterile asset like gold.
It generates a return.
Officially CPI deflation is 1.5 per cent,
which means holders of yen
get a tax-free gain of 1.5 per cent
in purchasing power every year."
Source: FT: Yen Has Edge Over Gold In Battle For Supremacy
By Peter Tasker
Thursday, August 5, 2010
http://e.nikkei.com/e/fr/tnks/Nni20100805D04NY163.htm
Further reading:
Study Japanese in Japan?
Visit Study Abroad Japan
It generates a return.
Officially CPI deflation is 1.5 per cent,
which means holders of yen
get a tax-free gain of 1.5 per cent
in purchasing power every year."
Source: FT: Yen Has Edge Over Gold In Battle For Supremacy
By Peter Tasker
Thursday, August 5, 2010
http://e.nikkei.com/e/fr/tnks/Nni20100805D04NY163.htm
Further reading:
Study Japanese in Japan?
Visit Study Abroad Japan