The dollar dropped below 100 yen today. It has not been there since 1995.
What is significant about that? It represents the 1-1 ratio point where when you pull out 5000 yen you are spending 50 dollars ( plus those G0dd**m ATM service charges!). Since, the powers that be that compute cost of living allowances have also decided that the inflation rate in the US has gone up-this does not necessarily trigger an increase in COLA to match it. Either way I’m screwed because I am leaving my job at the end of the month.
Maybe it is time to go back to the US. Maybe…………..
H/T to Japan Probe for the graphic!