Apr. 2, 2022 01:28 am JST
Posted in: Japan's long-term gov't debt may be at worst level of ¥1,000 tril See in context
fxgai
The yen used to be regarded as a safe haven currency… but while war rages in Eastern Europe like many alive today have never experienced, the yen has dropped to lows.
The value of currency is determined in relation to prices. What matter is what it can buy.
US, EU and other countries are suffering from high inflation today, but not Japan despite oil price.
Inflation Rate today:
Japan: 0.9%
USA: 7.9%
Germany: 7.3%
Spain: 9.8
Argentina: 52%
In short, while people in many countries are losing buying power of their currencies every day, the people in Japan are not.
