Thursday, October 28, 2010

Endaka

We arrived in 1987 in a time of trauma for the Japanese economy as a result of the appreciation of the yen against the dollar following the 1985 Plaza Accord. In the morning news programs, the yen/dollar exchange rate was listed on the bottom corner of the screen. It was that important. 円高 or "endaka" refers to the "high yen" (yen high, if you follow the order of the two kanji symbols)

After a few years of a stronger dollar, we're back to Japan feeling a strain from its high currency value, which of course affects exports. Canada is also feeling the pinch with a dollar at or above par with the US dollar.

So, here's my humble suggestion for a more affordable currency for Canada:

Many thanks to graduating senior Jonathan Love who created this masterpiece. He'll be leaving Japan and our colleagues Don and Carol Love for greater adventures in university, but probably not the Royal Canadian Mint. I mention Jonathan to show I don't waste my time creating something like this. I just waste my time posting something like this.