With Federal Reserve Chairman Jerome Powell's recent statement before the US Senate Banking Committee that the United States may raise interest rates further in the coming months, the yen once again came out of the sharp decline in the world currency market.
On the 24th, not only did the yen fall to 143.49 yen to the US dollar, but the yen also fell below 5 yuan to 100 yen to 5.03 yuan.
With the rapid depreciation of the yen, a new round of price increases in Japan is also about to come out, according to the latest news from Japanese media, one of the most popular amusement parks in Tokyo - Tokyo Disneyland ticket price in October was recently released, the most expensive ticket price for adults has risen to more than 10,000 yen to 10,900 yen!
At the same time, prices are gradually soaring -
According to the news, in addition to McDonald's, a national food commonly eaten by ordinary Japanese people, will increase the selling price of 184 stores from July 19, a large number of daily necessities such as eggs and milk, as well as some brands that we Chinese tourists also like to buy, such as Gucci, Issey Miyake, Dior, Chanel, Tasaki, and Graff will usher in a price increase in the summer of 2023.
But then again, the depreciation of the yen may be a good thing for tourists who plan to visit Japan in the near future, after all, the same yuan can be exchanged for yen~
Not only are prices rising, but taxes are also rising -
According to Japanese news reports, general tax revenue in fiscal 2022 is expected to hit a record high for the third consecutive year. Corporate tax and consumption tax are increasing, surpassing last year this year, and it is predicted that it will reach 68.359 trillion yen this year, and the level of 70 trillion yen is already in sight for the first time.
As the ruling party has delayed the start of the defense tax hike until 2025 or later, calls for relying on higher tax revenues have grown, and it is unclear whether this will lead to fiscal solidity.
Due to the increase in tax revenues, the LDP's expectations are getting higher. As of the end of April, it had reached 615325 billion yen, and tax revenue increased by more than 1 trillion yen each compared to the same month last year. Over the past five years, it has increased by 8 trillion to 10 trillion yen in May alone, and if it continues as usual, it may touch the level of 70 trillion yen for the first time.
In this regard, netizens said: This tax revenue is abnormal. Income tax, social insurance premiums, resident tax, fixed asset tax, consumption tax, etc. are levied from income, anyway, whether it is wages or consumption, there are too many taxes. It is hoped that the Japanese government will abolish the consumption tax, reduce the number of members, and reduce the salaries of members, rather than half-hearted reforms.
More radical arguments say national income is falling, but taxes are at record highs. I can understand if national income is at an all-time high and tax revenues are at record highs, but the current prime minister says that tax revenues are still insufficient. I hope the Prime Minister will change as soon as possible!
While nominal wages have actually increased, real wages have been falling due to inflation and an increase in the burden of taxes and insurance premiums. It is not the state protecting people's lives, but becoming a citizen protecting the state. Politicians waste the state budget for their own benefit, although they say they are for the people.
For example, as far as the personal number card welfare policy is concerned, if it is convenient and effective, many people can get it without points.
In fact, 2 trillion yen worth of points were issued, but the problem of individual number cards still exists and requires a large-scale re-examination. They spend their budgets on poor policy implementation, and then waste them to clean up.
In this way, the money that Japan issued to the masses after the epidemic was taken back through other means, and it also fell into a good reputation.
Giving money to international students, paying non-taxable money, giving money to pregnant women, in the end, we all collectively pay. Absolutely.