Under the depreciation of the yen, "all the Japanese LV stores are Chinese!", and I didn't load 2 28-inch suitcases

In the past two days, have people around you called you to go shopping in Japan?

Since April 10, the yen exchange rate in the New York foreign exchange market has fallen sharply, once depreciating to 154.33 yen per dollar. The yen's exchange rate against the renminbi has also recently hit a new low in recent years. As of 12 o'clock on the 20th, 100 yen can be exchanged for 4.7 yuan.

On a social platform, N more Chinese netizens posted that luxury stores in Japan were full of people in the past two days.

The topic word #Japanese LV stores are all Chinese#, which also aroused the attention of netizens.

According to Zhongxin Jingwei, "Japan's LV stores are all Chinese, counting all kinds of discounts, a 20,000 bag can be cheaper by three or four thousand yuan." Ula (pseudonym), who recently traveled to Kyoto and other places in Japan, observed that under the depreciation of the yen, many luxury goods are nearly 10%-50% cheaper to buy in Japan than in China. An LV carry all trumpet is priced at 379,500 yen on the Japanese official website, or about 17,767 yuan, and 20,600 yuan on the Chinese official website during the same period. A mikimoto necklace costs about 7,500 yuan in Japan, which is 3,000 yuan cheaper than in China.

Previously, in March this year, Miao Miao, who had just traveled to Japan, had already passed the addiction of "sweeping goods". "I felt that it was cheap to buy anything, and the more I bought, the more I felt that I was earning, so I brought two 28-inch suitcases with me, thinking that it was about the same, and then I bought two suitcases in Japan. ”

In addition, the depreciation of the yen has also attracted a large number of international investors to the Japanese property market.

Jiang Peng (pseudonym), who works in Osaka, has a lot of renminbi in his hands, and he is planning to take advantage of the sharp depreciation of the yen to exchange his renminbi for yen and buy a house in the suburbs of Osaka for investment.

Jiang Peng (pseudonym) observed that housing prices in Japan have risen sharply in the past two years, with Tokyo rising by 30% and Osaka by 15%. "A house close to the subway is equivalent to about 2.6 million yuan, and the rent-to-sale ratio can reach 8%, but after deducting property tax, management fees and maintenance fees, it may only be about 5%. ”

A recent research report by Soochow Securities pointed out that real estate prices in Japan's three major metropolitan areas have already entered an upward channel. The average home price in the Tokyo metropolitan area has increased by 75.9% over the past 10 years, with the cumulative increase doubling to an annualized increase of 7.2% in the metropolitan area, and the annualized growth rate of 4.1% and 4.0% in Saitama and Chiba prefectures in the non-core areas, both outperforming Japan's CPI.

Xue Pingyuan, president of the Japanese Federation of Overseas Chinese Women, pointed out that the current housing prices in Japan have risen a lot, and they have returned to the peak of the bubble in the 90s.

Pan Ruowei, president of Japan's Beijing Chamber of Commerce, also noticed that some Chinese came to buy houses with cash, and many targeted the buildings in the Tokyo Olympic Village. After the Olympic Village was converted into a residential building, it has become a popular choice for investors and home buyers due to its strategic location and complete supporting facilities. As a result, some successful bidders may make a higher profit when they change hands and sell.

Banks' yen exchange business increased

Experts remind: the risk is high, and the operation should be cautious

According to a CCTV Finance report on April 18, with the decline in the yen exchange rate, the business volume of banks to exchange yen has increased.

The reporter visited a number of banks in Beijing and found that with the continuous decline of the yen exchange rate, the number of customers who came to the bank to exchange yen has increased recently. Ms. Gao from Beijing noticed that the yen exchange rate was weakening in early April this year, and went to the bank to exchange yen once. In the past few days, she found that the yen exchange rate had dropped again, so she went to the bank to exchange 200,000 yen again.

Liu Zhao, a staff member of the Beijing branch of China Guangfa Bank: Since mid-March this year, 4.9 yuan has been exchanged for 100 yen, and now 4.7 yuan can be exchanged for 100 yen. Consumers feel that exchanging yen is relatively affordable recently, and the number of customers exchanging yen on our side is also increasing.

Bank staff told reporters that with the "May Day" holiday approaching, the exchange volume of customers has also increased recently.

Zhu Bao, Vice President of the Business Office of ICBC Beijing International Business Service Area Sub-branch: Our yen exchange volume last month was about 200,000 yen, and so far this month is about 3 million yen. At present, the main purpose of our customers' exchange of yen is still mainly for personal travel.

What are the reasons for the recent depreciation of the yen, what is the future trend, and is it appropriate to hoard a large amount of yen at this time?

According to experts, the most direct reason for the current decline in the yen exchange rate is the interest rate differential between the dollar and the yen. On the one hand, the weakening of Fed rate cut expectations triggered a stronger dollar, and on the other hand, the Japanese government continued to maintain loose liquidity, and market expectations for the Bank of Japan's monetary policy pivot were disappointed, triggering another sell-off in the yen.

Xuan Wei, Chief Strategy Analyst of ChinaAMC: In particular, the weekly rise in the US dollar index last week has hit a high since November last year, which has intensified the pressure on the depreciation of the yen. Although the yen has weakened significantly recently, there has been no substantial action to stop the depreciation in Japan, which has accelerated the pace of depreciation against the dollar.

The reporter observed that recently, the yen has continued to depreciate, and some investors plan to hoard more yen. Experts suggest that in the global foreign exchange market, the factors affecting foreign exchange trends are relatively complex, and the foreign exchange market is also volatile. In this regard, consumers need to fully consider their own acceptance of market volatility risks and potential returns when settling and selling foreign exchange, and operate cautiously.

Xuan Wei, Chief Strategy Analyst of China AMC Fund: For investors who invest in foreign exchange, they need to have a certain degree of professionalism and analytical ability, and they must maintain a certain degree of calmness and caution in their investment participation in the foreign exchange market.

Tan Yaling, President of China Foreign Exchange Investment Research Institute: From historical experience, there are only a few people who win by investing in yen, and more people think about the exchange rate level, but they ignore the issue of interest rates. It may be reasonable to exchange yen against yen, but when you get the yen, there is basically no rate of return while waiting for the yen to appreciate, which is a more complex investment strategy and observation of investment dynamics.

Source: Orange Persimmon Interactive, China-Singapore Jingwei, CCTV Finance, etc