While the exchange rate is very favourable to my friends from New Zealand and Australia who have been visiting of late ( get yourselves over here to see the blossoms!), it is not so kind to those Kiwis and Aussies who are earning yen over here and hope to send some home.
I had a wee whinge to a friend of mine and he sent me the following with regard to the Japanese economic situation with a warning to watch my savings.
According to inside contacts, the Japanese banking crisis shows no signs of letting up.
If anything, it’s getting worse. Following last week’s news that Origami Bank had folded, we are hearing that Sumo Bank has gone belly up, and Bonsai Bank plans to cut back some of its branches.
Karaoke Bank is up for sale, and it is (you guessed it!) going for a song. Meanwhile, shares in Kamikaze Bank have nose-dived, and 500 back-office staff at Karate Bank got the chop.
Analysts report that there is something fishy going on at Sushi Bank, and staff there fear they may get a raw deal.
Made me smile. Think I’ll just sit on those savings and enjoy the blossoms while I can.
Just saying ………
Yoroshiku Onegai Shimasu