Holy #$¥!

I've been collecting various odd facts and witty stories lately, trying to decide what my next blog post should be, but this little bit of news took me by surprise.

Today, the exchange rate from yen to dollars fell to less than ¥96 per $1.00.

That's the lowest it's been since 1995.

I'm not sure what to make of this yet. It has both positive and negative aspects, I guess...but the one thing that looks certain is that the US economy seems to be in the crapper. Although some Japanese companies are in a better position to deal with this than the last time the yen got really strong (i.e. in 1995, over 50% of Isuzu's export sales were to North America; now it's less than 20%), many here are worried that the Japanese economy will be dragged down as well. Not to mention the world economy, of course....