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The situation has changed somewhat since the major earthquake in 2008.
There are many reasons why the the yen was appreciating against other currencies. They include:
1) Unwinding of Carry trade (all liquidity leads to Japan right now); remember Japan has the lowest interest rate in the whole world (only 30 basis points) therefore everyone seeks a loan in Yen and when it is repaid you see a strong yen
2) Right now speculators view Yen as a safe currency hence a lot of speculative buying
3) Japanese are withdrawing their investments from other countries, bringing it back to Japan
4) the IMF/world bank has extended loans to some countries in Euros/Dollars
5) Rate cut in Europe and US is also a factor in depreciation of these currencies against the yen
What else can I help you with?
What form of currency is used in Japan?
The Yen is the currency of Japan.Yen :3The Japanese use the Yen as their currency unit.
What do the Japanese call their money?
Japans currency is the YEN. The YEN symbol is ¥ and its code is JPY.
What was the currency in Medieval Japan?
dick, or yen
How much is 600 yen in English money?
Type in 600 yen to pounds on Google. Right now 600 yen = £4.47
How much is 1500 yen in usd?
1500 yen = 18.1730 usd
What type of notes and coins do the japanses use?
They pay with yen, the notes and coins they use are: Notes: 10,000 yen, 5,000 yen, 2,000 yen 1,000 yen Coins: 500 yen, 100 yen, 50 yen, 10 yen, 5 yen, 1 yen
What is the name of Japan's Currency?
the Yen.
What kind of money does Japan use?
YenThe Japanese currency is the Yen, literally meaning "circle". One yen corresponds to 100 sen. However, sen are not used in everyday life anymore.Coins come in 1 Yen, 5 Yen, 10 Yen, 50 Yen, 100 Yen and 500 Yen.Bills come in 1,000 Yen, 2,000 Yen (very rare), 5,000 Yen and 10,000 Yen.Vending machines usually accept 10 Yen, 50 Yen, 100 Yen and 500 Yen coins, as well as 1,000 Yen bills. Some newer machines also accept 5,000 Yen and 10,000 Yen bills.
What is 500 yen in Japanese?
Well, since yen is Japanese money, 500 yen is 500 yen in Japanese!!
Who uses the yen?
Japan uses yen.
What form of currency is used in Japan?
The Yen is the currency of Japan.Yen :3The Japanese use the Yen as their currency unit.
How much does it cost to produce a yen coin?
a one-yen coin: 2 yen
The yen is the currency of which country?
The yen is the Japanese currency
When was Yen created?
Yen is the curancy of Japan.
What is 100 dollars in yen?
9172.5 yen
How much is 3 yen?
It is three yen
How much yen can you get for 1 American dollars?
Roughly 100 yen. Roughly 100 yen.
