business

BNY Strategist Uses Curry Prices to Illustrate Yen's Weakness

12 Ağustos 2026Bloomberg
  • A senior strategist at Bank of New York Mellon highlights the price of a Japanese curry dish as a more telling indicator of the yen's weakness than the traditional Big Mac index. This perspective comes as the effects of recent currency intervention begin to diminish.
  • The analysis suggests that local food prices may better reflect the real purchasing power of the yen in the current economic climate.
  • The yen has been under pressure due to various economic factors, including monetary policy and global market fluctuations. Recent interventions by the Japanese government aimed to stabilize the currency, but their effectiveness is now being questioned as the yen continues to show signs of weakness.
  • This approach underscores a shift in how currency strength is evaluated, moving away from Western-centric benchmarks like the Big Mac. By focusing on local commodities, analysts can gain a more nuanced understanding of economic conditions in Japan.
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This article reflects the views of the author and does not constitute financial advice.