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@almondjoy Exports are priced in foreign currency. Imported raw materials are priced in foreign currency. For exported products, the two cancel each other out, regardless of if the yen is strong or weak. What changes is that the cost of Japanese labor gets cheaper when the yen is weak.

@pejak Smart people invest their money and don't leave it languishing in savings accounts.

@nokia5800 The jmdict website still uses EUC encoding. Was more than a little surprised to discover that.

@pejak The weak JPY is good for exports and exports make up a large portion of the Japanese economy. It's even good for domestic companies that don't export as it makes domestic labor more price competitive with foreign labor. Raising interest rates in Japan would make Japanese companies less...

@zeckycarter16 For exports the yen-denominated cost of imported energy and raw materials is inconsequential. For domestic sales it means a bump in prices, but the weak JPY means Japanese labor costs are lower which helps Japanese companies compete better against products produced overseas.

@johnnyfred1 If you were a tax resident of Japan for those years (which seems likely, but I'm not an expert) then you probably owe Japanese income tax for those years. On the flip side, being a Japanese tax resident almost certainly means you were not a US tax resident and therefore using FTC...

@sacredword The last time the USDJPY rate was 200 was 1986 which was nearly 40 years ago, not 30 years ago. That did not happen when the USDJPY was at 200, nor did it happen 30 years ago. The USDJPY had been generally falling since 1971 when the US abandoned the gold standard and Bretton...