From 358 Yen : 1 USD to 100 Yen : 1 USD.
Welcome, a Bit of History.
Since 1971 the USD has lost 72% of it's value against the Yen. Why has the Yen had such a run with the USD actually coming in a dismal second?
Productivity.
Japan over the past 45 years has been head and shoulders THE most productive nation on the face of the earth.
Level of Productivity = Standard of Living.
Now Alan Greenspan is greatly worried about productivity, as well he should be, given our entitlement programs that are and will continue to run amuck for the next forty years as baby boomers retire and medical costs go unchecked.
If these are not addressed productivity will fall, growth will decline, inflation will rise, stagflation will set in and people will value gold, sliver, and commodities as money with the fiat USD becoming weaker.
This is all in the future, and may or may not happen. The market is not concerned about this happening in the short run where the USD is king.
