EconomyNew ‘Katsu Curry Index’ Seeks to Show How Weak the Yen Really Is
A senior strategist at Bank of New York Mellon has devised a new way to gauge the yen through the price of a Japanese fast-food staple. The so-called Katsu Curry Index is intended to provide a more accurate picture of the currency’s weakness. Its use comes as the effects of recent intervention begin to fade.
New ‘Katsu Curry Index’ Seeks to Show How Weak the Yen Really Is
