If you are moving to another country to live, work and play, it can be both an exciting and nerve-wracking experience. On one hand, you will be able to open yourself up to various opportunities and experiences, all of which you can use to improve yourself. And on the converse side of the coin, you have to deal with a variety of things which may not be totally familiar to you.

Whether you are moving by yourself or with your spouse and/or whole family, you will have a lot of items to tick off your to-do list, including personal banking. Banks in most countries are at par with international standards, following major reforms enforced since the nineties.

The banking system in the country can be characterised as modern and liberal, with several key players including local and foreign banks.

If you are looking for the best credit card, you will be glad to know that your search will not be a difficult one as there are numerous bank branches strategically located in various towns and cities in the countries. And although providing cash remains as the most preferred mode of payment, establishments accept credit and debit card payments.

Internet banking is also offered by local and foreign banks, giving customers greater ease in viewing and managing their bank accounts. Consumers can choose among three basic types of bank accounts: current, savings and deposit accounts. Some banks may offer services which are aligned with the Islamic Sharia.

If you are keen on opening a bank account in the country you are moving in, there are two ways to proceed. First, you can open a bank account upon your arrival in the country. You will need to prepare and present official documentation which will include your passport, residence certificate and visa. It would also be beneficial if you bring with you copies of recent bank statements from your previous bank as well as a recommendation letter.

Alternatively, you can open a bank account before you leave for your new home. Most expats open an international bank account before heading out for the country. This gives them numerous benefits including more banking and payment options to choose from. Before making the final choice of bank to open an account with, it is important to be aware of the bank charges for the services and financial products you might use. This will vary from one bank to another. Click here for more tips.

Reuters reported that Japanese currency’s continuous deflation affecting other Asian country’s currency value, import and export trade.

The continuous falling of Japanese yen makes Asian countries such as South Korea, India and Indonesia’s economies uncompetitive which might cause currency war. Other countries let their currencies go down in order to support their own economies.

Currency war is also known as competitive devaluation, is a condition wherein countries compete against each other in order to achieve low exchange rate for their own currency.

The word war gives us the notion about something negative. But in fact, currency war has a lot of advantages. Japanese yen’s continuous devaluing forces other countries to lower their exchange rates. This is because lower exchange rates would mean cheaper products and high export rates, and more competitive exports means more transactions. In order to have exports, other countries devalue their currencies too. This happens because of Economic pressure.

Exporters have benefited from the effect of falling yen, but such benefits that are only enjoyed by larger exporters, such as automakers. It is widely expected that this matter will help to boost the economy by making Japanese products cheaper overseas. However, smaller firms could suffer because they have to pay more for imported materials.

Prolonged currency war would not give a relative advantage to the countries but will help in developing stability in the world money supply. Expansion of worldwide money supply and low interest rate would mean more consumption, more investment, and more international trade.

Like any other wars, this also has downsides. No country would gain real profit from the export trades. This is because countries lower their currency values just to be in line and to be able to compete with other countries’ value. Also, one of the hardest problems that might come up during this stage is the need to print more money. Devaluing currencies would mean that there is no enough supply of money in order to control the economy.

Some experts compare this situation with what happen with Asian currency crisis in 1997. During that time, yen was devaluing; there were highly uncompetitive exchange rates, and current account deficits. However, Asian countries have higher currency reserves compared with 1997 currency war, making it easier for Asia to cope with weaker currencies.

India and Thailand are making their efforts to lower down their rates while South Korea still lacks tools to push their won down like yen.

In recent times, a focus group has emerged as the most powerful technique to collect authentic details from the representatives of a market targeted by a company. Ethnic group research is also a part of the extensive marketing research. Any marketing research group, whether it features a larger concentration of respondents from ethnic communities or not, is guided by an expert moderator.

Ethnic Group & Its Moderator

An ethnic group moderator can offer valuable insights of how to encourage the participating candidates from the ethnic groups to speak their mind without any discomfort. The moderator conducting a marketing discussion needs to be more experienced and skilled at handling such groups. The person should have a clear idea of the customs, cultures, social values and ethics about the groups that will be involved in the discussion. Such discussions are arranged in order to elicit reliable details from the members taking part.

The set of questions should be prepared in such a way that it does not hurt religious or cultural sentiments of the respondents, and they can feel more comfortable to express themselves.

Objectives of Ethnic Focus Groups

A moderator works on behalf of a focus group services providing company that is, in turn, hired by other companies who are interested to know the opinions and suggestions of the potential audiences in regards to different products, services, brand as well as concepts. A marketing research company is usually not a bigger one, comprising only 8-10 people,carefully chosen from the target customers on the basis of commonality of experience.

An ethnic group has the members who share some common features in respect of social, religious, cultural or historical background. The members in the group can identify each other on the basis of their language, native country, culture, dress codes, cuisines, customs or any commonality of experience. These people are considered to be representing their communities, so their views help the companies understand what those ethnic groups think about the products/services or if they have anything to say regarding improvement of any particular product/service.

The groups members are encouraged to reveal their own views and share opinions with other members in the same group. The ideas are expressed and exchanged in a descriptive way. Such group discussions inspire the respondents to give a free reign to their thoughts and opinions.

Function of a Moderator

An ethnic moderator is just like a fulcrum of the group, who is in charge of conducting the discussion. He or she chooses the topic after consultingwith the company and prepares the guidelines to be followed by every member in the ethnic group.

An ethnic moderator will set the time within which the discussion must be complete. He or she must inform the participants about the rules and topic of the discussion. They should also give equal opportunity to let everyone speak. Charm, persona and skill of a moderator play important roles in creating an ambience that makes every respondent feel comfortable and they can easily express their ideas.

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