eli5: How is Japan’s currency so weak if it’s a economic superpower?
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Long story short the yen lost value in the later stages of WWII and Japan’s government regulates the price to keep it at what they see as a normal value.
If you’re talking about recent developments that’s a bit more complicated. Japan was kinda the China of the 80’s and saw a lot of economic growth as a result. As countries started relying more on other Asian countries for for goods, and Japan’s economy has slowly declined. Overall the Yen is stronger than the dollar since it’s recovery after WWII, but still weaker than it was in the heyday of the 80’s.
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