Recently, a meme has become popular on the internet. Roughly speaking, a few years ago someone said that international students in Japan can earn 200k yen a month, which is exactly 16k RMB.

But in the process of typing that sentence, the 200k yen depreciated all the way to 14k, then 12k, and finally 9,367 RMB.

This means the yen exchange rate is depreciating too fast.

Then netizens kept updating the exchange rate under this meme.

Let me also update today's latest exchange rate: that 200k yen is now only 8,364 RMB.

Because the RMB has been appreciating continuously over the past year, the yen's depreciation against the RMB is even greater than against the US dollar.

The ratio of 1 RMB to yen has gone from 19.1 in April last year to 23.9 now, a depreciation of 20%.

Going further back, in 2020, 1 RMB exchanged for 14.5 yen. Now it has depreciated to the current level, a depreciation of 39%, almost half. $SOL