Anonymous
Anonymous asked in Politics & GovernmentPolitics · 9 years ago

Why is the Japanese yen so strong against US dollar?

Didnt the Bank of Japan intervene to make the Japanese yen weaker?

9 Answers

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  • 9 years ago
    Favorite Answer

    They did, but the Bank of Japan cannot weaken the Yen as much as our bad economy and political posturing weakens the dollar.

  • Anonymous
    4 years ago

    The Japanese have accumulated a lot of overseas wealth (especially in the USA in the 80s and 90s)over the decades as they sold vast quantities of goods abroad. If you had some money abroad and a relative who needed helping out in troubled times, you would liquidate your overseas assets and bring them home to help the relative. That is what is happening, the Japanese are basically buying their own currency by selling overseas and repatriating the Yen. This is simple case of supply and demand. There is a lot of overseas money held by the Japanese, who for a long time couldn't get the returns at home.

  • Boober
    Lv 6
    9 years ago

    Japan weakened their currency years ago. China has been known to do the same, only more recently. It helps exports. Our problem is we don't have nearly the exports to offer, so we just suffer from a weakened Dollar, with a lower standard of living for all.

  • 9 years ago

    Japan is going through deflation which is strengthening their currency because the yen is increasing in purchasing power due to the falling prices.

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  • 9 years ago

    The japanese export far more to the US than the US do to japan. Instead of accepting dollars as payment they accept bonds and shares of companys, so the US has lots of dollars in their economy still, but there is less to buy with it sharewise because the japanese aren't spending their dollars or selling their shares.

  • 9 years ago

    Have you been paying attention to what is going on? As we increase our debt and print money it weakens the dollar. Printing money doesn't really make more money. There is a certain amount of wealth.It helps exports. Our problem is we don't have nearly the exports to offer, so we just suffer from a weakened Dollar, with a lower standard of living for all.

  • Anonymous
    9 years ago

    I have a 100 yen piece and it is only worth 1 US dollar.

  • Anonymous
    9 years ago

    Have you been paying attention to what is going on? As we increase our debt and print money it weakens the dollar. Printing money doesn't really make more money. There is a certain amount of wealth. So, if you print twice as much money, each dollar is worth half. Printing the money is only an illusionary fix.

  • 9 years ago

    1 Kuwaity Dinar =

    1.36179 Bahrainy Dinar

    1.72949 Great Britian Pound

    2.48855 Euro

    2.55890 Jordanian Dinar

    3.61324 US Dollar

    4.72738 New Zealand Dollar

    6.34557 Brazilian Reail

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