> If you reduce the value of your currency by 25% It is the dollar that has appreciated, not the yen that has depreciated. The dollar has appreciated against m

> If you reduce the value of your currency by 25% It is the dollar that has appreciated, not the yen that has depreciated. The dollar has appreciated against most currencies in the last year – probably because people expect interest rate hikes this year. It has nothing to do with Japan per se.