eli5: How is Japan’s currency so weak if it’s a economic superpower?

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eli5: How is Japan’s currency so weak if it’s a economic superpower?

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Anonymous 0 Comments

Just because ~100 of it is worth 1 USD doesn’t mean its weak, that just means one of their currency is 1 cent instead of 1 dollar. The denomination is simply different. How much value you can get out of it per how much you can earn is a different story. Can you afford a house and food and stuff while working a job paid in Yen? Then its probably fine.

You may have a similar question as I have about why Russian currency becoming a similar value vs the USD is a problem and why Yen is not if its the same price. That’s because what you can buy with a Russian Ruble is not the same as it was.

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