how a lower currency value isn’t a sign of poor economy like in Japan?
In: Economics
Japan doesn’t have “change.” This is why their numbers are so large.
In the USA we have dollars and cents. 100 cents is 1 dollar. 5 dollars is 500 cents.
Japan has Yen. That’s it. 500 Yen is 500 Yen.
It would be like everything in the USA costing cents. Soda would be 129 cents.
Japanese Yen is roughly 1/100th of a dollar. When you compare the Yen to the Cent, you see the Yen and Dollar are very close in value
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