I know USD doesn’t run the world…but it is the world’s reserve currency. So I’m trying to figure out budgets for Tokyo long term.
Is it realistic to build a budget around today’s USD<>YEN conversion with the assumption that if the YEN does get stronger, prices in local YEN will drop (apartments, food, ubers etc) so that the overall cost is roughly the same in USD.
OR
Or should I assume that if the YEN returns to historical norms (110YEN=1 USD), everything becomes 30-40% more expensive for a foreigner earning in USD but spending in Japan?
Hard for me to understand how the local prices are being adjusted up and down in real time as someone who’s budgeting for Japan. Thanks in advance friends!
by AvailableProcess2059