Recently, the yen has been shorted, but the Japanese official will only fight with words, as if nothing has been done, watching the yen plummet and the Japanese national wealth depreciated.
A very interesting question arises: Obviously they have a large amount of US dollar foreign exchange reserves and the largest amount of US debt, and they can completely come to the rescue of the yen, do the Japanese not dare to rebel against the United States? Or do they have other plans for the time being?
This time the yen plummeted, not only falling below the Bank of Japan's intervention line of 152, but even falling below the 154 mark, the lowest since 1990.
Société Générale even believes that if the Fed cuts interest rates any longer, then the yen is at risk of falling below 170.
Kit Juckes, the bank's chief currency strategist, said that since the yen fell below 150, international bears have become bolder.
Now even the most professional experts have analyzed it unclearly, the main culprit that caused the yen to plummet, is it the dollar that does not cut interest rates, or the big international bears short the yen?
But none of this matters, the important thing is that it is a big economic country, and the collapse of the exchange rate in just a few days is simply a great shame.
This incident directly stripped Japan of its fig leaf and presented the fact that they have no monetary sovereignty in front of the world.
At such a time, the Americans even invited Japanese Prime Minister Fumio Kishida to the United States and pretended to give him the highest courtesy as a state guest.
When Fumio Kishida addressed the U.S. Congress in a trembling voice, did he receive a request from the Americans in advance: not to intervene in the depreciation of the yen, because that represents Japan's attempt to abandon American-style free-market values?
If he insists that he does not have it, or even that the United States will not interfere in Japan's independent decision-making, then how can he explain that many high-ranking Japanese officials, including himself, have repeatedly fought with each other with words and "did not rule out any options," but in the end they did nothing?
The core question is, will the Japanese have the ability to fight back against this yen incident?
Of course, there is, and there are two ways, either sell US bonds and intervene, or raise interest rates quickly.
Japan has 1.356 trillion yuan of foreign exchange reserves, of which 1.168 trillion yuan has been bought for US Treasury bonds.
You must know that in 2022, Japan will intervene in the foreign exchange market three times, and the funds used will only be more than 60 billion US dollars.
Just because you have a lot of money, you don't dare to bet, and the international bears are blatantly humiliating Japan.
If Japan is ruthless, sells part of its $1.1 trillion in U.S. bonds, and uses more than $300 billion to hedge against international shorts, will it not be able to win?
If we can't win the 300 billion war, then what about the hundreds of billions of U.S. debts?
Obviously, no, the current U.S. debt crisis is so serious that even if 100 million Americans are sold, they can't agree, and the Japanese have been increasing their holdings of U.S. bonds for five consecutive months.
If it can't sell out of U.S. bonds, the Bank of Japan can also save the yen by raising interest rates to 5%.
But the Americans can't agree even more, the yen is an accessory of the dollar, and if you are ready to save the dollar, how can you put up obstacles?
The big problem is that raising interest rates to 5% is not desirable and will hurt the fragile Japanese economy.
In addition, if the yen appreciates, the dollar index is likely to fall, and it is impossible for Americans to accept it.
Some people say that the Bank of Japan is the Japanese branch of the Federal Reserve, and the yen is the reservoir of funds set up by the United States in Japan, ready to hedge the risks of the dollar at any time while helping Americans plunder the world's wealth.
Don't the Japanese really have the guts to rebel against the United States?
After World War II, Japan became a mystery, once rampant in Asia, and the arrogant urine sex could not be found at all.
Some people say that the Japanese are good at forbearance, but when you find that they have endured for decades and have no intention of resisting at all, you will doubt your own judgment.
It is also said that during World War II, the Japanese Young Zhuang faction was lured into rebellion and then killed, and later in the 1980s, the Plaza Accord harvested Japan's advantageous industries, and the Japanese were defeated again, completely breaking their backbones.
Lu Qiyuan said that Japan was defeated twice, once in World War II and the other in the later Heisei War.
Did the Japanese ever fight? Of course, during the glory days of the 1980s, when the Japanese economy was in its glory days, they gradually became more high-profile, and some even clamored to buy half of the United States.
Later Prime Minister Shinzo Abe was in power for nine years, trying to lead Japan's rejuvenation, while actively promoting the East Asian economic circle and even the "Asian dollar".
However, these protests were detected by the Americans in time and then ruthlessly extinguished, and the meritorious figure Shinzo Abe even lost his life.
Later, Fumio Kishida, who took office, became extremely docile and obedient to the Americans, and even did such things as discharging nuclear-contaminated water into the sea.
It is estimated that the current Japanese people can't even tell whether they are waiting for the right time, or whether they have been captive and servile for decades.
In fact, in addition to not daring to rebel against the United States, Japan also has its own difficulties, and if the Bank of Japan intervenes, it may cause unpredictable consequences.
Some say that the Japanese may also want the yen to fall in value to boost Japan's exports and revive the domestic economy, but this is an opportunity that they have been thinking about for many years.
However, at present, the decline of the yen has far exceeded the psychological expectations of the Japanese, and it has even turned into an international bear's slap in the face of the Japanese.
So, do you think that if Japan intervenes and the yen stabilizes or even appreciates slightly, it will be good for the Japanese economy? Welcome to leave a message in the comment area to discuss.