Daily Archives: August 14, 2011

Exchange Rates & Prices

Falling Dollar
As you may know, the Japanese yen has been an increasingly strong currency for the last few years, especially as the U.S. dollar has weakened. So for a Japan-based export business like us, it is obviously important to keep a close eye on exchange rates. And every so often the yen hits a level against the dollar where we have no choice but to raise our prices or go out of business. This happened recently as the dollar fell below the 78-yen level. The debt ceiling crisis in the U.S. was one big factor and the dollar rebounded dramatically once that was resolved, but only temporarily it seems. As I write, it is below the 77-yen level and so we are forced to adjust prices accordingly.

Where possible, we look for another way to avoid passing the cost on to you, the customer. One way is to open a wholesale account with us, which allows you to enjoy significant discounts even on smaller orders, and bigger savings on bulk orders. In most cases, the only condition is that you have completed at least one regular order with us. Contact us if you’re interested in applying for a wholesale account and we’ll do whatever we can to help you battle that rampaging yen!