The Web Tycoon’s blog

Between 2004 and 2006, when the real state bubble was in his maximum, complex mortgages in Japanese Yens were a tendency to buy houses at a low cost price. Four years lather, in the middle of a huge worldwide crisis, the followers of this tendency in mortgages are paying it expensive

The magic formula allowed borrowers to reduce interest rates of their mortgages but now with a each time more expensive Japanese Yen, these mortgages are getting though to pay.

During the last days, the Japanese Yen reached a level where one Euro costs just 109,5 Japanese Yens, a maximum unseen for more than 10 years. Since 2008 the Japanese Yen has been increased by more than 50% in value, increasing by this percentage the monthly payments of these Mortgages in Japanese Yens.

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The dollar currency fell again this week and this pushed the Euro currency more near to 1.50 dollars. And all this just in the beginning of the Asiatic tour and a debate about the revaluation of the Chinese Yuan currency.

The change of the dollar currency against the rest of the main currencies are getting each time lower, the Euro has risen by another 0.57% to the 1.4988 dollars, very near to 1.50

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