Not really. When the dollar last declined, Japanese manufacturers reduced margins & even absorbed losses to maintain their beachhead here.
On Mon, Nov 22, 2004 at 05:01:30PM -0500, Doug Henwood wrote: > > There will be a pretty mechanical feed-through from a weaker dollar > to higher import prices - though, the relative stability of the Asian > currencies is keeping this under wraps so far. But historically, > major dollar declines have been usually accompanied by accelerations > in the CPI. > > Doug -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
