The Yen Moved 7 Points in a Week — Here’s Why Your Strategy Shouldn’t Have

The Growth Zone

The Yen Moved 7 Points in a Week — Here's Why Your Strategy Shouldn't Have

Play Episode Pause Episode

1x

00:00 / 5:12

RSS Feed

Share

Link

Embed

<blockquote class="wp-embedded-content" data-secret="aheOAGznTW"><a href="https://stevenbleistein.net/podcast/the-yen-moved-7-points-in-a-week-heres-why-your-strategy-shouldnt-have/">The Yen Moved 7 Points in a Week — Here&#8217;s Why Your Strategy Shouldn&#8217;t Have</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://stevenbleistein.net/podcast/the-yen-moved-7-points-in-a-week-heres-why-your-strategy-shouldnt-have/embed/#?secret=aheOAGznTW" width="500" height="350" title="&#8220;The Yen Moved 7 Points in a Week — Here&#8217;s Why Your Strategy Shouldn&#8217;t Have&#8221; &#8212; Steven Bleistein" data-secret="aheOAGznTW" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://stevenbleistein.net/wp-includes/js/wp-embed.min.js </script>

On September 8th, the dollar moved from around 160 yen to 153 in a matter of days. Toyota and Honda lost a currency tailwind they had been quietly leaning on. The Nikkei dropped 1,130 points the same day, as investors scrambled to reprice earnings that had never been as strong as they looked.

This keeps happening. And executives keep being surprised by it…

My books:

Disrupt or Be Disrupted (Amazon Japan) https://www.amazon.co.jp/dp/B0GXNM9194

Strategy on Your Own Terms (Amazon Japan) https://www.amazon.co.jp/Strategy-Your-Own-Terms-resilient/dp/B0GVB89FVK