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> heavily debased the Yen What debasing? USD/JPY has moved around 110 for 20 years now.
by 21 8y ago
> heavily debased the Yen
What debasing? USD/JPY has moved around 110 for 20 years now.
- ahakki 8y agoThat‘s the point. The US had growth in the past 20 years, Japan did not. So the Yen shoukdn‘t have been at a steady 110.
- seanmcdirmid 8y agoThe value of a currency is not directly, or even indirectly, related to growth of the economy. They simply have decided that a loose inflationary currency works best for them, as did the US, which is why they haven't changed that much wrt each other.