Why is the Japanese yen worthless? #yen #japan #shorts
Japan has the fourth largest economy in the world, but its currency, the Japanese yen, is surprisingly weak. Today, one US dollar equals about 150 yen. So, how is that possible? Japan has kept interest rates very low for years. This encourages people to spend and companies to invest. At the same time, it boosts exports because a weaker currency makes Japanese products cheaper for the rest of the world. So, this isn’t a crisis, it’s a deliberate choice. Subscribe to my channel for more interesting facts about countries.
Japan has the fourth largest economy in the world. But its currency, the Japanese yen, is surprisingly weak. Today, one US dollar equals about 150 yen. So how is that possible?
Japan has kept interest rates very low for years. This encourages people to spend and companies to invest. At the same time, it boosts exports—because a weaker currency makes Japanese products cheaper for the rest of the world.
So, this isn’t a crisis—it’s a deliberate choice.
Subscribe to my channel for more interesting facts about countries!