1 AUD = 96.59 YEN, historical average around 80¥ to 90¥
1 USD = 151.52 YEN, historically around 100¥
Lenses from Japan should have got cheaper in Australia because the yen is weak.
Problem for Japanese manufacturers is they're probably buying input materials in USD and the weak JPY is killing them. Or if not in USD, are still affected by the weak JPY because those commodities can be sold for more to USD paying customers.
IIRC there have been recent announcements regarding Japan domestic market price increases.
AUD's appreciation against the JPY compared to the USD is considerably less, and if Japanese manufacturers are increasing JPY prices to account for higher input costs relative to the USD, AUD customers will see increases in price while USD customers may not.
In the past two years the USD has gained about 35% vs. the JPY whereas the AUD had only gained about 20%. US market is also considerably larger than Australia's and there may be differences in markups to account for various factors.
This may affect some of Canon's competitors less because IIRC they manufacture some or all of their products outside Japanese, such as in China, Thailand, etc. Most of Canon's production is in Japan but I believe some of their lower end products are made in Taiwan (where manufacturing costs may not be as low as other Asian countries).
Nov 12, 2023 at 08:08 PM
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