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That‘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.
by ahakki 8y ago
That‘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.