Or how JP "plummeted" from 6 trillion economy to 4 trillion because their FX went from 100:1 USD to 160:1 (at peak last year) now 140:1. Still eaking slow growth in yen terms.

JP can still be 1/3 larger than california US compels them to appreciate. I think 140 is probably a good balance for JP exports (high tech) and imports (energy, commodities/inputs).

Or Trump makes USD weaker.