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Recently, there has been a very serious storm of currency depreciation in the Asia-Pacific region during this time.
Whether it is Japan, South Korea, India, Vietnam and other countries, there is a problem of currency exchange rate depreciation. Compared with these Asian countries, the exchange rate of the renminbi on the mainland has increased instead of falling.
In the context of the crazy decline in the international exchange rate, the renminbi has shown an upward trend.
Surprisingly, Japan, which has always followed the United States, has also suffered heavy losses in this wave of exchange rate decline.
After all, Japan has just released a policy of raising interest rates some time ago, ending the era of zero negative interest rates.
If the introduction of the interest rate hike policy is conducive to the return of funds, the yen exchange rate should rise under the support of this policy.
However, in the process of exchanging the yen and the dollar, the ratio between the two currencies has reached 155:1. This phenomenon fully shows that the Japanese currency has fallen significantly, and even the Japanese government's interest rate hike policy still cannot guarantee the exchange rate of the yen.
As the yen exchange rate continues to fall, many Chinese tourists have come to Japan to spend. From the information circulating on the Internet, it can be seen that a large number of Chinese tourists are gathered in luxury stores in Japan.
They either buy a variety of luxury goods or invest in the Japanese real estate market. These phenomena are closely related to the sharp decline in the yen exchange rate.
As the value of the yen becomes lower, it means that the cost of spending in Japan is getting lower.
Because of this, many Chinese tourists have started to buy luxury goods and digital products in Japan.
The participation of Chinese tourists has indeed injected vitality into the growth of the Japanese economy, but there are also many people who believe that Japanese businessmen are now doing loss-making transactions, and in the long run, it will be a devastating blow to the development of the Japanese economy.
All these phenomena show that when the United States continues to launch economic and trade wars against the mainland, not only China has suffered great harm, but other economies have also been affected as a result.
Some analysts believe that the Asian financial community has officially started the battle to defend the exchange rate. At the same time, it also fully shows that the US dollar is taking advantage of the strong momentum to harvest the Asian economy.
The United States has experienced many economic crises over the past few years, but the United States has relied on a strong dollar system.
Every time there is a crisis, it can always be easily resolved, and the main way to help the United States resolve the crisis is to raise interest rates and loose monetary policy.
In the face of an economic crisis, the Federal Reserve will take the lead in easing monetary policy and control the financial markets by printing large amounts of money.
Next, the interest rate hike policy will be used to attract a large amount of capital into the United States, and when more and more capital enters the United States, it can greatly alleviate the economic crisis faced by the United States.
In 1997, there was a fierce competition between American capital and Asian economies.
The economic crisis that broke out in Asia at that time was directly related to the United States, and it was also a typical case of American capital harvesting the Asian economy.
Now, the United States is once again targeting Asian economies, trying to improve the current economic risks in the United States through a new round of harvesting.
In recent years, although some countries have begun to join the ranks of de-dollarization, the global influence of the dollar is still not to be underestimated.
The U.S. government's continuous interest rate hike policy will still have a huge impact on the international financial industry, and the U.S. will not be able to escape the sanctions imposed by the U.S. dollar on the currency of South Korea, Japan, or the Philippines as the U.S. dollar intensifies.
Relative to other economies, the Japanese government has been pursuing a policy of zero negative interest rates. Under the influence of the U.S. interest rate hike policy, the yen exchange rate is getting lower and lower.
Japan has already suffered a crushing defeat in this financial war, but some analysts have pointed out that this may be a helpless move by the United States.
After all, Japan and the United States have always been relatively close, and have even helped the United States to contain China many times.
The reason why the United States wants to make a move against Japan, an ally, is because if the harvest of China's economy fails, it can only rely on the harvest of the Japanese economy to continue its life.
However, against this backdrop, it will be even more difficult for Japan to recover its economic development.
In the past, Japan was also a country with relatively good economic development and a very strong economic strength.
But after the bursting of Japan's economic bubble, it was followed by a long period of economic stagnation. Especially at present, Japan is facing a series of problems such as an aging population, and there is a clear lack of scientific and technological innovation.
Now, the yen exchange rate has once again been harvested by the United States, which is extremely unfavorable to the development of the Japanese economy, and is very likely to trigger a collapse of the Japanese economy, which will have a severe impact on the Japanese economy and other fields.
What do you think about the exchange rate? Welcome to discuss in the comment area!