Here's an article that should assuage some of the worry about the weakness of the yen. It compares the price of a Big Mac in countries around the world. It shows that the yen is currently way undervalued as the yen shows more buying power compared to the value at which it is traded. The yen is actually undervalued by 28% against the dollar whereas the euro is 19% overvalued. Traditionally, actual domestic buying power of a currency determines its long term international value.
Link: The Big Mac index
So fear not my fellow yen making friends. Even though you can't buy many dollars right now with those yen you can buy more Big Macs then your non-expat friends. You get more Mac for your buck today and, hopefully, more dollars for yen tomorrow.
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