It’s a real surprise for many of Japanese businesses.  Today’s news says 1 dollar became equivalent to 83 JPY.  This seems the highest exchange rate for Japanese Yen to US dollar in the last 15 years.

Some or maybe many have suspected this high rate since the crash of American Economy by sub-prime loan crisis. Also some of them even expect much higher Japanese Yen rate, which means US dollar would be much weaker than ever if this negative anticipation would come true.

For us Japanese, strong Japanese Yen is not always good because the most of exporting businesses will be damaged much with the foreign exchange rate. The exporting companies will have to suffer from hard condition for outbound sales from Japan. Indeed, it’s better for people in traveling abroad as they can buy things cheaper in calculation with Japanese currency.

Looking at world economy, or American economy, probably this tendency would not stop and US dollar would be weaker and weaker. 

However,  it would mean a collapse of market economy or capitalism in a broader sense.  In that situation, currency or our daily money will mean different to us, or in a desperate way of thinking, money might have less value than the one we know now.

If so, what could be the next tool for exchanging the value ???