endaka
Sign in to saveAlso known as endaka recession
right|thumb|300px|Graph of yen versus us dollar over time thumb|300px|Yen real effective exchange rate, peaks are endaka thumb|300px|Japanese official foreign currency holdings (1952-2007) thumb|300px|Japanese official foreign currency holdings (1996-2007) Endaka (, lit. yen expensive) or Endaka Fukyo (, lit. yen expensive recession) is a state in which the value of the Japanese yen is high compared to other currencies. Since the economy of Japan is highly dependent on exports, this can cause Japan to fall into an economic recession.
~6 min read
Encyclopedic overview
6 sectionsContents
- History
- Origins
- Timeline
- See also
- External links
- References
right|thumb|300px|Graph of yen versus us dollar over time thumb|300px|Yen real effective exchange rate, peaks are endaka thumb|300px|Japanese official foreign currency holdings (1952-2007) thumb|300px|Japanese official foreign currency holdings (1996-2007) Endaka (, lit. yen expensive) or Endaka Fukyo (, lit. yen expensive recession) is a state in which the value of the Japanese yen is high compared to other currencies. Since the economy of Japan is highly dependent on exports, this can cause Japan to fall into an economic recession.
The opposite of endaka is ''en'yasu (, lit. yen cheap''), where the yen is low relative to other currencies.
Excerpted from Wikipedia’s “endaka” article, available under the CC BY-SA 4.0 licence.