An article observes that the high value of the yen “is dealing crippling blows to the country’s once all-important export machine.” The article also observes, though, that “a high yen benefits Japan’s rapidly expanding elderly population.”

a. Does a “high yen” mean that it takes more yen to exchange for one U.S. dollar or fewer yen?

b. How does a high yen hurt Japanese exports?

c. How might a high yen help the elderly population in Japan?