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Recently, some Japanese media broke the news that the Japanese currency is entering a new round of depreciation, and the current exchange rate of the yen has fallen to the lowest record in more than 30 years.
A further decline in the exchange rate had a significant impact on the value of the yen.
In order to avoid the adverse impact of the continued decline in the exchange rate on the yen, Japanese government officials recently said that they are actively trying to find ways to solve the adverse impact of the current decline in the exchange rate, and to reduce the adverse impact of the decline in the yen exchange rate no matter what means are taken.
Many analysts believe that the reason for such a sharp decline in the exchange rate of the yen lies in the United States.
The U.S. government has already begun to use the yen to try to harvest the Japanese economy in this way.
Even if the Japanese side takes the necessary measures, it will be difficult to counteract the negative impact of the fall in the yen's exchange rate, and the Bank of Japan will face a difficult battle that is doomed to lose.
For any country, currency not only supports the development of the country's economy, but also the soul and image of the whole country.
A more evident position of a country in the international community. At present, not only Japan is facing a sharp decline in the value of its currency, but South Korea is also suffering an unprecedented blow due to the decline in the currency exchange rate.
In 2023, although the U.S. government has repeatedly stated that it will continue to raise interest rates, the rate hike policy has not come as scheduled. It is precisely because of this that the yen has managed to attract the attention of US financial bears.
Recently, they have started to harvest aggressively, trying to short the yen, which has caused a sharp drop in the yen exchange rate, which has led to a serious downturn in the Japanese economy.
The sharp decline in the exchange rate has dealt a fatal blow to some Japanese exporters.
From these perspectives, the decline in Japan's exchange rate and the heavy losses suffered by the economy have caused the United States to play tricks behind the scenes.
But some analysts believe that the sharp decline in the yen's exchange rate is not entirely due to the United States.
As a relatively developed country, the depreciation of the yen will cause huge losses to the economy, further listing the purchasing power abroad. This phenomenon has also occurred in the past.
For example, in 1985 and 1997, the United States intervened in the middle of the Asian financial crisis.
In the process of development, the United States has also experienced many financial crises, but the US government has used its hegemony to successfully transfer the economic pressure, not only successfully defusing the crisis, but also harvesting a large amount of wealth from other countries.
Previously, Japan ranked second in the world in terms of economy, and in the face of the crazy harvesting behavior of the United States, the Japanese government decisively made a decision to raise interest rates, and the policy with the continuous rise of the yen did bring a lot of pressure to the Japanese economy, and at the same time increased Japan's purchasing power overseas.
It was also at that stage that many Japanese companies went on a frenzy to buy overseas assets.
However, this behavior has caused the Japanese manufacturing industry to suffer a heavy blow, and it has not fully recovered until now. This time, however, Japan is facing a different problem.
Even if the Japanese government takes corresponding measures, it will be difficult to change the current unfavorable situation. The actual situation facing Japan today is particularly complex, and the reason for the sharp depreciation of the yen is not only due to the manipulation of the United States, but also due to a variety of factors.
Through this incident, the United States not only gained a lot of benefits from it, but also could further stabilize the dollar's hegemony in the world through corresponding measures before implementing the interest rate hike policy.
But the depreciation of the Japanese currency has put a lot of pressure on countries that are heavily affected by the dollar. For example, in this incident, the Chinese side also suffered a lot of pressure.
Some analysts have even accused Japan of cooperating with the United States in order to be more competitive in the international community.
However, this cooperation has had a huge impact on the economies of some countries and regions, resulting in varying degrees of global prices for gold, oil and commodities.
Today, Japan is becoming more and more dependent on the United States, and in addition to being heavily dependent on the United States militarily, it is also maintaining a unified pace with the United States in the economic aspect.
For the Japanese government, the only way to solve the current dilemma is to raise interest rates. Once Japan chooses to raise interest rates, it will also play into the hands of the United States.
In general, the Japanese currency is being choked by the United States, and the United States has been delaying the expected policy of interest rate cuts, but the high interest rates it is facing have increased the risk of an economic explosion in the United States.
Against this backdrop, the United States is once again trying to change the current predicament by diverting risks.
What do you think about the depreciation of the yen? Welcome to discuss in the comment area!