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

Japan don’t divide yen into hundreths like cents or pennies. They used to use Sen and Rin which were fractions of 100 and 1,000 respectively but they stopped using them in 1954. Think of 100¥ as like 100 cents. The current exchange rate is 100¥ to $0.66, or another way of thinking it is ¥100 to 66c which isn’t that far apart.