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Against the backdrop of the rapidly changing international situation, the global economy is also in a state of extreme instability.
In particular, due to the influence of factors such as US manipulation, the currency war is on the verge of breaking out. However, to the surprise of the international market, the yen exchange rate has fallen sharply one after another.
In recent years, the United States has introduced a series of measures to suppress China, and at the same time, the United States has united many allies to comprehensively contain China. For the U.S. government, Japan is a very loyal ally.
It stands to reason that in the context of economic turmoil, the United States should also protect the rights and interests of its allies. But in fact, the decline in the yen exchange rate is directly related to the United States.
It is understood that the yen exchange rate has continued to decline in recent days, once again creating a new low in nearly 34 years.
In the face of the declining exchange rate, the Bank of Japan did nothing.
At this time, some analysts came forward and said that if the Bank of Japan does not act, then not only will the yen fall, but it may also lead to a further decline in Japan's GDP data.
It is likely that the problems facing Japan today are caused by the United States, and it is also a symbol of the resumption of a new harvest by the United States.
Over the past many years, the United States has been relying on its global hegemony over the dollar, and every time economic risks arise, they have always harvested the wealth of other countries to alleviate their own economic risks.
If we carefully analyze the predicament that Japan is currently facing, it is not difficult to find that it is very likely that all this is caused by the United States, which Japan has always been loyal to.
The increasing number of capital fleeing from the Japanese market further highlights the pessimistic expectations of these capitals on the yen, and at the same time raises various concerns about the economic outlook of the yen in the international market.
So, what is the reason for the rapid depreciation of the yen?
In response to this problem, some professionals analyzed that the interest rate differential between the US dollar and the yen has led to a further decline in the value of the Japanese currency.
For a long time, the Bank of Japan has been taking relatively loose monetary measures. In this accommodative environment, the interest rate differential between the US dollar and the Japanese yen is becoming wider and wider.
Not long ago, the Bank of Japan announced that it was about to raise interest rates, which also signaled the official end of the era of negative interest rates for the yen.
Such a rate hike policy is obviously not comparable to the large rate hike policy in the United States. In the face of the US interest rate hike policy, a large amount of capital is inclined to dollar assets, which has also withdrawn from the Japanese market, thus exacerbating the pace of the yen's depreciation.
In addition, due to a variety of factors, the Japanese economy is currently experiencing a particularly slow growth rate.
It is precisely this state of affairs that makes many investors tired of the Japanese market and no longer have strong confidence in the Japanese market.
Factors such as a fragile economic outlook and fragile interest rate hikes have lowered market expectations for yen interest rates.
Of course, the decline in the yen exchange rate is not necessarily a bad thing. For example, while Japan's currency continues to depreciate, Japan's export competition pressure is decreasing.
In particular, the low prices of exported commodities have further stimulated demand and growth on the export side.
In addition, the depreciation of the yen has also raised the price of Japanese imports. Under the influence of these factors, the inflation problem in Japan will become more and more serious.
Against the backdrop of the depreciation of the yen, prices in Japan are bound to rise, putting great pressure on consumers, both in terms of the price of goods and the cost of daily living.
In addition to this pressure, many Chinese consumers have found that the prices of some high-end luxury products have dropped significantly against the backdrop of the depreciation of the yen.
It is precisely because of this that in the context of the depreciation of the yen, more and more Chinese consumers have joined the ranks of panic buying Japanese products, which has led to an increase in sales of Japanese products.
However, judging from the current economic development situation in Japan, both the stock market and the exchange rate are experiencing an unprecedented crisis. It is difficult to say under what circumstances this crisis will be resolved.
Some economists have even suggested that Japan must expand its cooperation in order to get out of its current predicament, and that only a recent diversification of exports may be able to mitigate the impact of the yen's decline in the Japanese market.
Judging from the current development of Japan's financial market, it is indeed very difficult to return to the original state once the economic bubble bursts. Compared to what Japan is currently facing, China may emerge as the biggest winner.
At present, the mainland is clearly ahead of Japan in both the Internet field and the artificial intelligence field.
What do you think about the depreciation of the yen? Welcome to discuss in the comment area!