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Japanese yen is still 20% over valued and its true value would be around 120 Yen per US$, and till then there is a limited opportunity to have industrial production growth there...
Japan at around 220% national debt can't live without growth and hence paying their debt also this way. and the way China is rising, soon they will have taken a major share of japanese high tech export. Japan has to prepare itself considering that circumstances after 5 years from now
India has to be more and more closer to Japan from now, as these two countries will have more to deal with each others in future. i would like to see india importing most of the high tech products from japan, for which it look on western nations, considering the fact that soon china will introduce a big proportion of high tech products at a very low price, and rest of them can be imported from Japan :thumb:
we hope to see over 90% Indian trade within Asia this way, hopefully by 2020+, and Japan is the key to replace India's western products
A few major modifications please
no , neither japan nor any other asian group of countries should be given the opportunity to hold us to the 90% trade ransom that youve suggested
both in terms of trade and anything else especially defense technology - we need to diversify and not be at the mercy of any one
particular nation or ideological group
but for sure japan can be up there with usa , russia and france - so we can add one more - japan
that will substantially boost our quest for diversification of high tech cooperative sources
contrary to what you wrote we should rather go for TOT's than outright purchase
( but im not arguing with you ) :thumb:
( thumbs up smiley doesnt seem to appear )