These two days
Do you have someone around you telling you to go shopping in Japan?
Since April 10
The yen fell sharply in the New York foreign exchange market
At one point, it depreciated to 154.33 yen per dollar
The exchange rate of the Japanese yen against the yuan
It 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
Many Chinese netizens posted
Luxury stores in Japan were full of people for the past two days
April 20th
#Japan LV stores are full of Chinese#上热搜
aroused the attention of netizens
There are Chinese people who buy houses with cash
There are also tourists who carry 2 28-inch suitcases to sweep the goods
According to a report by Zhongxin Jingwei on April 20, "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.
Ula bought a mikimoto necklace at the Isetan mall in Kyoto, which is about 7,500 yuan, which is 3,000 yuan cheaper than in China. When I went for a tax refund near the closing time of the mall, there were about 30 Chinese in front of me.
On social media, many Chinese netizens also shared their strategies for going to Japan to sweep goods.
Miao Miao, who just traveled to Japan in March this year, was addicted to "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. ”
Hisoka (pseudonym), who works for a large multinational conglomerate in Yokohama, Japan, has noticed that the number of foreign tourists coming to Japan has increased significantly, and many people around him have given up their plans to travel abroad during the holidays.
The depreciation of the yen has also contributed to the Japanese property market
It has attracted a large number of international investors
According to reports, Jiang Peng (pseudonym), who works in Osaka, has a lot of renminbi deposits, and in the near future, he plans 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.
The depreciation of the yen has also attracted a large number of international investors to the Japanese property market. Jiang Peng observed that Japan's housing prices 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%. ”
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. People around me who originally wanted to buy a house also began to hesitate. "Nowadays, there are many overseas people who come to Japan to buy houses, but Japanese people can't afford to buy houses, and housing prices are very high in some places. ”
The average daily room rate for hotels in Japan was about 20,986 yen ($136) in March, the highest since August 1997 and up nearly 20 percent from a year earlier, according to real estate data service CoStar. The average occupancy rate of hotels also increased to 78%. The recent weakening of the yen and the cherry blossom season have attracted a large number of tourists, with a record 3.1 million visitors to Japan last month.
"Regarding the duration of the yen's depreciation, market expectations suggest that the yen may continue to depreciate in the near term due to monetary policy differences between Japan and other major economies, especially the United States. Pan Ruowei, president of the Beijing General Chamber of Commerce in Japan, said.
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, said: "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, said: "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 does the future hold?
Is this the right time to hoard a large amount of yen?
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.
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.
Tan Yaling, president of the China Foreign Exchange Investment Research Institute, said: "From historical experience, the number of people who win by investing in the yen is a minority, and more people consider the issue of the exchange rate, 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. ”
Shanghai News Broadcasting is synthesized from China-Singapore Jingwei, CCTV Finance, and Daily Economic News
Editor: Chen Li
Editor in charge: Yan Ping