有没有想过，明明是发达国家，为何日元韩元给人感觉“不值钱”？

Core Viewpoint - The perception of the Japanese yen and South Korean won as "worthless" is rooted in historical inflation and current economic policies, rather than a reflection of economic failure [1][10][20]. Historical Context - Japan's high currency denominations stem from post-World War II economic turmoil, where the government printed money to stabilize the economy, leading to inflation and a fixed exchange rate of 360 yen to 1 USD [3][5]. - Similarly, South Korea's currency issues arose from its early economic instability and the Korean War, resulting in a continuous adjustment of the won, with the highest denomination being 50,000 won [5][7]. Current Economic Policies - Japan's low interest rate policy, aimed at stimulating the economy, has contributed to the yen's depreciation against the dollar, especially in contrast to the U.S. Federal Reserve's rate hikes [10][12]. - South Korea faces similar challenges, with its central bank's interest rates being slightly higher than Japan's but still insufficient to attract foreign investment amidst U.S. rate increases [12][14]. Market Reactions - The depreciation of both currencies is a result of international financial dynamics and domestic economic policies, with both governments prioritizing growth and export stability over currency strength [14][20]. - Despite the theoretical benefits of a weaker currency for exports, the high import dependency of both nations means that currency depreciation leads to increased costs for consumers, creating inflationary pressures [16][18]. Structural Economic Sensitivity - Japan and South Korea's economic structures, heavily reliant on exports and imports, make them particularly sensitive to currency fluctuations, with the current exchange rates reflecting broader economic conditions rather than isolated currency issues [20][23]. - The historical context of high currency denominations is not indicative of economic weakness but rather a legacy of past economic decisions and current policy frameworks [23].