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Recently, the decline in the yen exchange rate has caused quite a stir.
The decline in the yen exchange rate is not only a huge storm brought about by the adjustment of US monetary policy, but also a fierce showdown between different economies around the world.
The sharp decline in the yen exchange rate is believed to be the result of the fact that the Bank of Japan has not adjusted interest rates for a long time and has always maintained zero negative interest rates.
There are also some people who believe that the decline in the yen exchange rate is related to the current global economic recovery, coupled with the influence of various factors such as geopolitics, which has led to the decline of the yen exchange rate.
In the process of global economic development, Japan was once a prominent economic power, and even surpassed the United States in terms of economic size to rank first in the world.
With the development of the Japanese economy, the Japanese economy entered the bubble bursting stage, and in this stage, the United States rose head-on and became the number one country in the world.
Every time an economic risk occurs, interest rate hikes and loose monetary policy are adopted to harvest the economies of other countries. The most important thing is that every design in the United States always gets a happy result.
In recent years, under the influence of various factors, the US economy has faced many crises, especially when the number of US fiscal deficits continues to expand, and the debt ceiling has been broken again and again by the US government.
Coupled with the severe inflation problem facing the United States at present, all kinds of problems put together make the US government more aggressive to promote interest rate hikes again and again.
Due to the global influence of the US dollar, any monetary policy pursued by the United States has the potential to have a shock to the global economy.
Under the influence of the U.S. interest rate hike policy, the currencies of other countries will inevitably depreciate, and if the U.S. interest rate hike cannot be followed in time, the exchange rate difference with the U.S. dollar will become larger and larger.
For more than 10 years, Japan has adopted a low-interest rate policy, coupled with monetary measures such as quantitative easing, in an attempt to stimulate growth and improve economic stagnation.
Since 2022, the U.S. government has launched a number of interest rate hike policies that have actually had varying degrees of impact on the yen.
As the United States intensifies its efforts to harvest the wealth of Asia, a sharp depreciation of the yen exchange rate is also an inevitable consequence.
The collapse of the yen exchange rate also indicates that the current global economic pattern may usher in new changes, and there will be more uncertainties in the future economic development situation.
Against the backdrop of a sharp decline in the yen exchange rate, there is speculation that the Japanese government may introduce some measures to slow down the depreciation of the yen.
However, judging from the current situation, the Japanese government has not taken any measures, but in the face of the depreciation of the yen exchange rate some time ago, Japanese officials said that in view of the excessive changes in the yen exchange rate, the Japanese side will not rule out taking any measures to alleviate this grim situation.
However, since the Bank of Japan announced in March that it will raise interest rates, the Japanese government has not taken any action on the decline of the yen.
Although the Bank of Japan has already announced a policy of raising interest rates, the problem of the decline in the yen exchange rate has not been resolved.
The reason for this phenomenon is most likely related to the fact that the market has digested the corresponding expectations in advance.
Because some investors have already predicted the Bank of Japan's interest rate hike in advance, the yen's exchange rate is still facing a decline even in the case of a press policy.
In addition to the sharp decline in the yen exchange rate, under the frenzied harvest of the United States, the national currency exchange rates of other Asian countries have also declined to varying degrees, and many Asian countries have implemented policies to cope with this storm.
Against the backdrop of the financial turmoil in which more and more Asian countries are hit, some analysts say that China's currency will be the winner in the international monetary revolution.
With the continuous development of China's economy and trade, its influence in the world has been further expanded.
At present, the mainland has become the first country in international trade transactions.
This is also the main reason why the Chinese currency has been able to maintain its strength in the process of the United States' frenzied harvest of the Asian economy, and both the reserve and payment currency status of the mainland currency are actually based on huge trade.
On this basis, the Chinese currency will become the third largest currency in the world.
What do you think about the impact of the fall of the yen exchange rate?