how a lower currency value isn’t a sign of poor economy like in Japan?

Question

how a lower currency value isn’t a sign of poor economy like in Japan?

In: Economics

Answer 1

When I was a teen, gas was under $1/gallon, BUT…minimum wage was under $2

That being said, a young couple could find a crappy starter home and buy it.

I didn’t think the economy was “great” at the time, but…dear lord it was so much better than now.

You could buy a new Toyota 4-cylinder for under $2000, so the monthly payment was affordable.