Does difference matter for british and japanese economies

Reference no: EM131220902

For decades, 1 British pound has been worth more than 1 U.S. dollar. One Japanese yen has been worth less than 0.01 U.S. dollars (1 cent). So a pound is more than 100 times as valuable as a yen.

Does this difference matter for the British and Japanese economies? Explain.

Reference no: EM131220902

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