JPY/USD: Plunging Sun
Tim Knight | Apr 19, 2022 11:13AM ET
Remember how Japan was going to take over the world in 1990? Yeah, not so much. Here’s what their currency, the yen, has been doing against the US dollar for the past eight years.
One long-term view of the Japanese economy is by way of their consumer price inflation for the past sixty years. Through the 1970s and 1980s, when their economy was genuinely transforming into a global miracle, the inflation represented an economy that was booming. For the past thirty years—literally flat-lined.
In fact, there’s really just about only one solid asset in the land of the rising sun:
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