the yen

[zahc]

http://www.xe.com/currencycharts/?from=JPY&to=USD&view=1Y


The yen has dropped off like 20 percent in the past 6 months. You can get 100 yen for 83 cents right now. I have a vendor in Japan trying really hard to ship my goods early (a portion is paid on shipment) but I just don't need the stuff early. I assume they want to ship before it drops further or something.

What causes this? I am not good at economics, macro or otherwise.

[Devonai]

Money bounces off of the Earth's magnetic field and is reflected back to the ground depreciated.

[French G.]

Think that's fun, for a little while I thought Vlad Putin and that thing we have in charge was going to cost me a $3,000 bonus. Russkies bought equipment from us, paid, and the US bank wouldn't release the money due to the embargo. Machines scheduled to sell this year to Russia and other sketchy places like Argentina. We sell a lot in Argentina. Hope the company gets paid so that I get paid.

[charby]

The rest of the world economy is dropping and dollar is getting stronger.

QE 4 or 20, I lost track of which one, has ended which is propping the dollar up.

[Perd Hapley]

Right now I've a yen for hot apple cider.

[RoadKingLarry]

In 1985 the exchange was 180/1 in Japan.

[BobR]

In 82 or so we were getting over 200 yen to the dollar. At the same time we were getting nearly 30 Philippine pesos to the dollar, A cold San Miguel cost 1.75 pesos at the sari sari store. :)  A beer would run 4-7 pesos in a bar.  Good times

bob

[Scout26]

Japan's economy still hasn't recovered from the 1991 crash.  They refer to the 1990's (and the 2000's) as the Lost (Two) Decade(s).


Banks made bad loans to bad to bad companies and then when the bubble burst the .gov bailed out the banks, and propped up bad companies "Too big to fail", and kept repeating the cycle.  (Where have I heard this before??)

Wikipedia quotes Paul Krugman who despite seeing Japan policies fail, repeatedly, has urged our .gov to do the same thing (And we have), yet he seems surprised that we have the same results.  Although he then lies about it.

[RoadKingLarry]

In 82 or so we were getting over 200 yen to the dollar. At the same time we were getting nearly 30 Philippine pesos to the dollar, A cold San Miguel cost 1.75 pesos at the sari sari store. :)  A beer would run 4-7 pesos in a bar.  Good times

bob

On the same trip the PI peso was trading 18/1. I think a cold San Miguel was 5 or 10 peso, I've slept since then and don't remember for sure.

[BobR]

On the same trip the PI peso was trading 18/1. I think a cold San Miguel was 5 or 10 peso, I've slept since then and don't remember for sure.

I blame my misrembering on the amount of Orion and San Miguel beer I drank.

bob