A new "Katsu Curry Index" has been developed by Geoff Yu, a strategist at The Bank of New York Mellon, to more accurately reflect the current weakness of the Japanese yen. This index uses the price of katsu curry, a popular dish in Asia, as a benchmark, arguing it provides a better measure of purchasing power parity than the traditional Big Mac Index. Yu's calculations suggest the yen is significantly undervalued against the United States dollar, indicating a need for a stronger currency to align with purchasing power in high-income countries. AI
RANK_REASON The item discusses a new index created by a strategist to measure currency valuation, which is an analytical commentary rather than a direct industry event.
- Big Mac Index
- Geoff Yu
- Ichibanya
- Katsu Curry Index
- The Bank of New York Mellon
- The Economist
- United States dollar
- US
- yen
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