My tongue was ever so slightly in my cheek when I posted the previous reply, but...
Originally Posted by
Marq
Did you take into account the significant (10-15%) price increases at Tokyo McDonalds this summer?
That would actually strengthen the yen in comparison, so if they increased prices and the burger is still cheaper, then it's
really undervalued.
FWIW, the
latest burger index dates from July 5th and gives a Big Mac's price as Y280 (= $2.29), compared to an average of $3.41 in the US, thus making the yen 33% undervalued.