C236 Before Japan's Economic Collapse

Many people didn't understand why their country's money was rising in value. However, once they understood the crux of the matter, they would know what was so harmful about a country's currency rising too quickly.

To take a simple example, five years ago the yuan was trading at a rate of nine to the dollar, but now it is. 8. So when a dollar is exchanged for RMB, it's worth 2.2 yuan less. Then