Why japan currency is lower than india?
1 answer(s)
This is a good question. It is confusing.
A low number for a currency does not mean the country is weak. Japan has a very big and strong economy. The number on the money is just a number. The main reason is history. After World War II, Japan's economy was rebuilt. They set the yen at a very low value, 360 yen to 1 US dollar. They never changed this by cutting zeros. India's rupee has a different history.
Also, Japan's bank has kept interest rates very low for many years. This also makes the yen's value stay lower. So, it is not about strong or weak. It is more about history and the bank's plan.