The yen touched 120 per dollar for the first time since July 2007, as policy makers’ decisions to expand monetary stimulus and delay a consumption tax increase highlight the risks the economy is deteriorating.Talk about shitty timing. I've been in Japan for less than half a year and the yen suddenly weakens. What does this mean for me? I'm going to have to save more in order to meet the same goals I had, which means less cheddar, and you know how much I like my cheddar. I also was foolish enough to calculate how much money I'm losing thanks to the new exchange rate. Big mistake. Sometimes ignorance really is bliss. All I can hope for is that the economy will turn around soon. Oh, and adjust my Excel finance spreadsheets tearfully.
Imagine my surprise when I saw what the exchange rate has been, recently. According to Bloomberg: