Should Japan peg the yen at 225 per dollar?
Debate Rounds (3)
I now await my opponent's opening arguments.
My opponent is looking to cause another Peso crisis with the plan he is purposing.
We can look at Mexico's Peso Crisis and we can see that the same will happen. Mexico's issue was that they had a severely undervalued Paso and it was pegged at a certain price to the dollar. Meaning that at any time the average citizen could go to their Central bank and trade X Pesos to dollars, however, the Peso was hit hard and more and more people wanted to trade Pesos for the dollar. Eventually they ran out of dollars and their Treasury collapse. The same would occur in Japan. Not only do they devalue their currency by 3 times just to get there, we can see that there is no way the markets can survive the devauling of their currency and they will be sent back to the "Lost Generation" of stalled economic growth. The WSJ has reported that the Yen is already weak and fragil, so this would crash the Japenese economy.
All points extended. Please vote Con!
1 votes has been placed for this debate.
Vote Placed by tajshar2k 1 year ago
|Agreed with before the debate:||-||-||0 points|
|Agreed with after the debate:||-||-||0 points|
|Who had better conduct:||-||-||1 point|
|Had better spelling and grammar:||-||-||1 point|
|Made more convincing arguments:||-||-||3 points|
|Used the most reliable sources:||-||-||2 points|
|Total points awarded:||0||5|
Reasons for voting decision: Con is able to show that the pegging the Yen will result in a crisis which will devalue their currency even more. Pro's argument is making various assumptions " dollar doesn't always raise inflation to the 2% target set by the Bank of Japan. " But Con shows that this crisis could also happen with the Yen. Con also used sources.
You are not eligible to vote on this debate
This debate has been configured to only allow voters who meet the requirements set by the debaters. This debate either has an Elo score requirement or is to be voted on by a select panel of judges.