Akio Morita, founder of Sony, argues very convincingly that freely traded currencies cause too much volatility in exchange rates for export manufacturers to consistently earn a return on investment, putting entire industries at risk. It's no coincidence that China's rise has...
That's a good point. I'm embarrassed to have not thought of that. How much does it cost to lock in a currency for year at up to $1 million?
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Def not my area of expertise. It may be cost prohibitive. Just seemed like an avenue to eliminate the volatility risk.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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