Purchasing power parity

What We Can Learn From a Pork Cutlet

The Japanese are #1 on the Treasury’s list of U.S. bondholders, Japan has a record-setting debt-to-GDP ratio, and the yen has plunged in currency markets. For these reasons, the Katsu Curry Index could come in handy.The Yen’s Exchange Rate. Katsu Curry Index.Similar to the Big Mac Index, the Katsu Curry Index compares currencies. Recently created by a BNY Mellon Bank executive, it says the fast food pork and rice staple sold by the CoCo Ichibanya chain is more accurate than a burger or even currency markets when determining the yen’s exchange rate. ….[READ]