![]() This certainly puts into question newly-elected Prime Minister Shinzo Abe's claim that the Japanese Yen needs to be further devalued in order to make exports viable again. ![]() China's yuan, historically kept its currency low to maintain a positive trade balance with the US, is seen to be undervalued by approximately 41%.Īn interesting point to note is that Japan's currency is seen to have been sharply losing value relative to the dollar, despite quantitative easing in the US aiming to push down the value of the dollar. ![]() According to the index, the Indian Rupee is undervalued (relative to the US dollar) by nearly 62%, and along with South Africa, is one of the two major world economies that is undervalued at over 50%. ![]()
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