After difficulties economic in America happen, at last the money change of dollar sank to 86.51 yen in Tokyo trading, the lowest since July 1995. Dollar rate also down to all world money standard like from Euro, Gulden, Rupias, and many other world unit currency.
Many speculator then try of something else either invest their money in US dollar, some investors were selling the dollar to buy gold, which surged to another record. Finance Minister Hirohisa Fujii said Japan "will take appropriate steps if foreign exchange rates move abnormally."
A strong yen is generally seen as bad for Japan's economy because it erodes overseas income for the country's big auto and electronics exporters. Panasonic Corp. President Fumio Ohtsubo described the yen's appreciation as "very severe" to reporters, saying it was an added blow given the already weak state of the economy.
The dollar has also been falling against the 16-nation euro, which rose to a 15-month high Wednesday. It eased to $1.5114 on Thursday from $1.5132 late Wednesday.
The money value down after several month of American crisis still don’t look any significant improvement. If there money is compensated like the internal condition and may the money will down and the worker price also down. The the goods price will down, and America just can export their product because will competitive against China.
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