this post was submitted on 09 Aug 2024
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chapotraphouse

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[–] FuckyWucky@hexbear.net 17 points 5 months ago* (last edited 5 months ago) (2 children)

Its only a decline in Dollar terms, not purchasing power tbf.

if he were in Pakistan or some global South country, a 40% depreciation would (likely) mean a 40% reduction (maybe more) in purchasing power but its not 1:1 with Japan (and China, Russia, most Western countries).

spoiler

[–] ksynwa@lemmygrad.ml 11 points 5 months ago* (last edited 5 months ago)

What is CPI?

Edit: Consumer Price Index

[–] ksynwa@lemmygrad.ml 7 points 5 months ago

Maybe he had investments that were affected by it.