Text | Lin groaned softly
Edit | Lin groaned softly
Sources: All statements in this article are based on sources believed to be reliable
Preface
During this period of time, the news that Japan's exchange rate has plummeted and the yen has depreciated sharply has caused a stir in the international community.
A series of financial manipulation policies implemented by the United States have caused Japan to face a very serious currency crisis, and the Japanese people have also lamented this.
However, careful netizens may find that in the case of a sharp depreciation of the yen, the saddest thing is not the Japanese, but a group of elite Japanese elements.
They complained on social platforms, and even dissatisfaction with Japan's relevant policies, as if their "faith" was about to collapse.
The yen depreciated sharply
During this time, the most unhappy country may be Japan, and almost everyone can brush up on the news of the depreciation of the Japanese currency every day.
According to Japanese media reports, in the New York foreign exchange market on the 26th, the exchange rate of the yen against the dollar fell to a new point again, falling below the value of 158 yen to 1 dollar.
This is also a new low in 34 years since 1990, and I have to sigh here that the trading methods of American capital are really ruthless enough.
National Business Daily2024-04-28"Witness History!Yen Depreciation, Refresh 34-Year Low, Luxury Goods Sold Out! Japanese People Go Abroad, Eat One Less Meal a Day to Save Money
In fact, as early as the epidemic, the United States made a series of measures in order to deal with the economic impact of the epidemic, including raising interest rates and dealing with inflation in the United States.
Because of this, the people of many countries have remitted their funds to the United States, and the value of the dollar has risen more and more, but such interest rate hikes for a long time will only have greater drawbacks.
This will continue to happen until 2024, so some professionals are also waiting and predicting that the US will stop raising interest rates this year.
But no one expected that the United States would go the opposite way, and the Federal Reserve publicly stated that they would not only postpone the rate cut, but also continue to make the dollar appreciate.
The U.S. move is tantamount to igniting a financial bomb, Asian currencies are facing depreciation again, and many countries such as Japan, South Korea, and Vietnam have suffered a considerable economic impact.
Among them, Japan is the most serious, the investment giants of various countries have sold the yen one after another, the speed of the depreciation of the yen is staggering, and the monetary sword of the United States has been plunged directly into the chest of Japan.
The Japanese government is also very anxious about this situation, and at first proposed a policy of raising interest rates by the yen, but it is clear that such a decision will not improve the current situation in Japan.
The Japanese government's debt ratio is already among the highest in the world, and if interest rates are raised again, Japan is afraid that it will suffer even more heavy blows.
On April 26, the Japanese government decided to maintain the status quo of the currency, and in fact, there is some truth in Japan's decision.
The depreciation of the yen will more easily drive Japan's consumption, raise Japan's inflation, and promote the entry of foreign capital.
However, Japan's decision has instead blown up a number of hidden "Jing-Japanese elements."
Xinhuanet2024-04-26 "Bank of Japan Decides to Maintain Current Monetary Policy"
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Those elite Japanese elements who keep saying that Japan is good everywhere, yearn for Japanese life infinitely, and want to move to Japan to live even at all costs, are now facing a heavy blow.
Due to the sharp depreciation of the yen, their lives in Japan are not as easy as they imagined.
Because of their beautiful imagination of Japan, when they immigrated, they had already exchanged all their assets for yen.
I thought that I could rely on the existing wealth in my hands to live a beautiful life in Japan, but now they are facing the current situation of shrinking assets, which makes them not anxious.
What was once all the anticipation now looks like a joke.
Some Jing-Japanese elements couldn't sit still, and complained on social platforms, and even the Japanese government criticized them.
Wang Zhi'an, a Japanese element, said that if the yen exchange rate continues to fall, Japan will have to become a developing country.
Of course, this feeling is because he himself is looking at Japan's status as a "developed country", and if he does not have this identity, what else would he have to be superior.
As far as the Japanese elements are concerned, Japan is able to give them a sense of spiritual superiority, and they feel in their hearts that Japan is more advanced than China in many respects.
But now, the serious impact of the depreciation of the Japanese currency is enough for them to drink a pot, and it is estimated that they feel even more aggrieved than the hearts of the Japanese residents themselves.
In addition to these elite Japanese elements, the lives of the Japanese people themselves have also been greatly affected.
Prices in Japan have begun to rise, and many living expenses are now more expensive for Japanese people than they used to be, not to mention other entertainment activities.
Originally, this period coincided with the spring break in Japan, and many people planned to travel abroad, but the continuous depreciation of the yen made them feel a lot of pressure.
Some people have canceled their travel plans, some have planned to travel to a country with less expensive prices, and some have decided to bring their own dry food or even eat fewer meals to save money.
Ordinary people do not know how long the depreciation of the yen will last, and although the depreciation of the yen will give a certain boost to the Japanese economy, no one thinks that the continued depreciation of the yen will be beneficial to the country.
The negative impact of the yen's depreciation is more obvious than the economic boost.
However, according to the speculation of Japanese economists, there is little room for a short-term decline in the depreciation of the yen, because the high interest rate in the United States is the main reason for the depreciation of the yen.
The Japanese government's means are very limited, and even if the Japanese government intervenes with relevant measures, there will not be too obvious changes.
Even further afield, there is a possibility that Japanese companies will be acquired overseas, and in the long run, Japan's economic changes will be very negative.
CCTV News2024-04-27"Expert: The U.S. Monetary Policy of Aggressive Interest Rate Hikes is the Main Reason for the Depreciation of the Yen"
From this point of view, the current situation in Japan is still rather grim, and it is too late for those Jing-Japanese elements to complain and regret it.
Their assets are shrinking, and their dreams of living in Japan may be shattered.
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