The value of dollar fell to 13-year low of 88.12 yen before it recovered slightly. The rising value of the Japanese yen puts pressure on Japanese exporters’ margins. Photographers may also find Japanese photography gears becoming more expensive.
Ever wondered why Nikon D3X is $8000? Perhaps Nikon has anticipated the volatility of the currency exchange rate.
The dollar has fallen about 20 percent against the yen this year and could be headed lower if the Federal Reserve cuts interest rates again and investors flee for higher-yielding currencies, analysts said.
Posted in
News on December 12th, 2008.
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Antonio Perez, CEO of Eastman Kodak, warned that Kodak is to raise its prices for digital cameras, printers and other consumer products by as much as 20% over the coming month because of soaring raw material costs. The entire industry would have to increase prices “without any doubt” as commodity costs would remain high for years owing to high demand in emerging economies. “Everyone has the same problem,” he said.
Without doubt, Kodak is in greater pressure than others since it is balance sheet is still in red. However this might still be happening. If so, the fancy digital camera that you have been drooling over may become suddenly more expensive soon. Another reason to convince yourself you need to buy it now? 
Posted in
News on June 2nd, 2008.
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