The exchange rate is different and the money exchanged is different.

100 yen = 5.591 yuan

The yen exchange rate is the ratio of Japanese currency to other countries’ legal currencies. It represents the external value of the yen and will be affected by the country and other parts of the world. Fluctuations due to financial turmoil or other effects.

In 1971, Japan began to implement a floating exchange rate system. The exchange rate in December of that year was 1 U.S. dollar: 308 yen. Since then, the yen has continued to appreciate.

In April 1995, the yen hit a post-war record high of 79.75 yen per U.S. dollar (the highest futures price reached 1 yen: 1.2625 cents). 1995 was a year of considerable turmoil in the international community. In 2017, emergencies were frequent. Japan redeemed a large amount of overseas funds in order to rebuild after the Great Kansai Earthquake. After the breakdown of the U.S.-Japan auto trade negotiations, the United States took a stand-by attitude towards the sharp rise of the yen in order to retaliate. Subsequently, Mexico suffered a financial crisis. During the storm, Mexico sold a large amount of U.S. dollars in order to stabilize the peso exchange rate. At the same time, the United States invested heavily in aiding Mexico, causing the U.S. dollar to fall. The surge in the Japanese yen was extremely detrimental to the Japanese economy's escape from the financial crisis, which in turn affected the global economic recovery. In this case , the United States and the Japanese government once again worked together, and at the same time jointly intervened with the Japanese, German and Swiss central banks to push the yen to 1 US dollar: 104 yen (1 Japanese yen: 0.9615 cents).

1998 was the most difficult year for Japan’s economic situation. The economic growth rate dropped to -5.3% in the first quarter and -3.3% in the second quarter. Bank bad debts were serious. At the same time, the Southeast Asian financial crisis had a great impact on Japan. Overseas export markets and investment markets have had a huge impact, but the Japanese government is helpless in dealing with the economic recession. Frequent economic policies have no effect. Public dissatisfaction triggered the resignation of the Hashimoto cabinet. Starting from the end of August, the yen has rebounded sharply due to the growth of the U.S. economy. Slowing down, US-Japan trade further expanded, causing the yen to rebound to 114.33 in just 2 months (futures depreciated to 1 yen: 0.6807 cents at the end of August).

Overview, the Japanese yen will always plummet (depreciate) during severe economic recessions and is extremely vulnerable to financial turmoil in Asia and other parts of the world. However, the appreciation of the Japanese yen is often related to economic fundamentals. Not high. Usually when the yen appreciates, the Japanese economy is not ideal and has just bottomed out. Moreover, the appreciation rate of the yen is large, usually rising by more than 10% at a time. This is in line with the characteristics of the Japanese economy and the international economy. The currency market is closely related. In addition, after each fluctuation in Japan, after a period of time, it will generally return to around 1:120 yen (about 1 yen: 0.83 cents). This is mainly due to the comparison of economic strength between Japan, the United States and other major European countries. Since the 1980s, There has been no significant change, so in the medium term, the yen will usually return to its long-term equilibrium price after another period of volatility.