Japan’s on a Roll.
Who would have thought that because oil prices are down we would purchase more high priced ticket items? Well we do. With the decline in oil prices Japan had an increase in sales of flat screen TV’s and digital cameras. Not only are we buying more of their goods, but they benefiting from our recent interest hike. When the Fed raised interest rates a quarter of a percent, it increased Japanese investment income.
I guess that it makes people feel richer when gas prices are down so they may purchase different items than they would if gas prices didn’t change.