At the end of August, the yen was trading at about 144 yen to the dollar. In 2011, it was at 75 yen, and in 1995, it was at 79 yen. The strong yen has long been seen as a problem in Japan, but now it is the weak yen that is seen as the problem. Indeed, since the yen began to weaken, Japan’s ranking in international indexes has plummeted. The value of the same 10,000 yen changes depending on whether the yen is strong or weak. This is clear when you go abroad, but when the yen is weak, its value decreases and purchasing power is diminished. It’s the same in Japan, and in fact, not many people are enjoying a weak yen. So a strong yen is still better. (Kei)

※Translating Japanese articles into English with AI