when you earn a currency that is crashing, it makes travel much harder and it also encourages tourists to come which raises the prices of everyday things because tourists can afford what locals and residents cannot
Indeed, but Japan is considered an emerging market and has long-time low interest rate...
These two factor depreciate the value of the fiat, but if japan manage to get some more activity in the country to be able to get rates up and devlop economy more JPY will probably boom agaisnt dollard
when you earn a currency that is crashing, it makes travel much harder and it also encourages tourists to come which raises the prices of everyday things because tourists can afford what locals and residents cannot
Indeed, but Japan is considered an emerging market and has long-time low interest rate...
These two factor depreciate the value of the fiat, but if japan manage to get some more activity in the country to be able to get rates up and devlop economy more JPY will probably boom agaisnt dollard