The Bank of Japan, like the Federal Reserve will stop in the near future, is lowering interest rates and buying the country's bonds to encourage Japanese consumers and companies to spend to purchase goods and services like food and manufacturing equipment to replace worn down ones and paying off loans and other debts. A consequence of the action is a lower value currency making their products like cars, televisions, etc. from Japanese companies cheaper to purchase worldwide and less expensive in business costs and higher profits. Once again, the Federal Reserve during their government bond buying and lower interest rates delivered the same outcome for American companies and made it cheaper to invest and hire workers in the United States versus Canada.
The European Central Bank is also participating in the identical actions the Bank of Japan and Federal Reserve are doing. The consequences would make both the Euro's value go down AND also make companies whose home country uses the Euro (e.g. Germany, France) at a better advantage to sell their products (e.g. cologne/perfumes, designer bags) because the Euro value is more closer to the U.S. Dollar. That leaves American goods at a much weaker advantage overseas and in the United States over European products. However, almost no backlash exists for the European Central Bank executing EXACTLY the same actions as the Federal Reserve and Bank of Japan.
Japan relies a lot on temporary and part-time workers like France and other European Union countries for their economy but has a far lower unemployment rate than European Union countries. Japanese persons, like many in the United States, prefer to buy and use goods and services from their own companies and have great dislike for "foreign" products. Also, they prefer to have "one of their own" to train for and labour positions in workplaces including healthcare over "foreigners" much like the sentiment is among several in the United States........from progressives to conservatives. The dislike of people immigrating to their respective countries because they "take the jobs away from people in this country" is another thing Japan and the United States share in common.
What do you think?