Question

Why japanese currency is devalued even japan is develp country

Answer 1

The low nominal value of the Japanese yen is a result of World War II. Wartime spending led to massive inflation, such that by end of the war the Japanese yen was valued at 360 yen to 1 US dollar. The Japanese yen was pegged to the US dollar at this value and did not change until 1971. Since then, the Japanese has risen in value, reaching a peak in 2011 of 76 yen to 1 US dollar.

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