The yen has depreciated sharply! The latest low in 34 years has made Japan deeply understand what a "country without sovereignty" is!
(Main sources: Qilu One Point, China Energy Network, Global Network, references are repeated at the end.) Before reading an article, you can click to follow it so that you can continue to push such articles for you in the future. ）
On April 26, the yen was exchanged against the U.S. dollar at 158 yen to 1 dollar, the lowest exchange rate in 34 years, which meant that the Japanese currency depreciated significantly.
However, an associate professor at the Waseda University Business School in Japan believes that the reason why the yen is falling has little to do with Japan itself, but because of the higher interest rates in the United States.
The U.S. consumer price index has been very high, so the probability of a rate cut in Japan is not large, and the depreciation of the Japanese currency this time is not something that the Bank of Japan can control.
Not only that, Japan mainly relies on imports in clothing, energy, etc., so the depreciation of the yen means that Japan will raise prices, so in the long run, if the US interest rate does not fall but increases, and the yen continues to depreciate, the impact on Japan will be very large.
However, as a foreigner, the depreciation of the yen should not be too "cool", because in some high-end brand stores in Japan, a large number of customers have jumped up, all of whom want to take advantage of the depreciation of the yen to "gather wool".
After the depreciation of the yen, Japan can be called a "shopping paradise", and the price of high-end brands has dropped sharply, compared with China, the bag of a luxury brand has dropped by more than 3,000 yuan.
So for some customers who like to buy luxury goods, of course, they will not let go of such a good opportunity, a bag can be thousands cheaper, and even the price of the air ticket can be deducted.
Especially those who do the work of purchasing agents in Japan, because of the sharp fall in the yen, the profits that purchasing agents may control in the middle will be greater.
In addition, due to the depreciation of the yen, the probability of foreigners choosing Japan as a destination for overseas travel has also greatly increased, and in March this year alone, the number of foreign tourists visiting Japan was as high as 3 million.
So judging from the current situation, the number of people who choose to travel to Japan on May Day will not be small, although in this way, the number of people who go to Japan to consume is large, and the number of tourists is also large, will not stimulate Japan's economic growth?
In fact, the depreciation of the yen will have a great impact on the local economy in the long run, especially for the common people, because prices in Japan will also rise, especially the prices of some daily necessities and food.
Chinese living in Japan also revealed that the prices of goods in Japanese supermarkets have begun to rise recently, especially those daily necessities and vegetables that people often eat, and the price increase is even more outrageous.
If this is converted into RMB, a Chinese cabbage will cost about 100 yuan in Japan, and netizens have called out that this is the rhythm of not being able to afford to eat.
In the face of Japan's "tragic situation," the attitude of the United States is obvious, that is, "Japan must not intervene in the exchange rate," which has made Japan deeply understand the taste of having no sovereignty.
Therefore, Japan will face many problems in the future, and I wonder if it will depreciate again.
Key Sources:
Qilu One Point—— 2024-04-27 Report on "The depreciation of the yen, tourists pour into Japan to sweep goods, a bag is cheaper than 3,000, and the purchasing agent earns 10,000 yuan on one trip".
China Energy Network—— 2024-04-28 Report on "Yen Depreciation Hit a New Low! Tourists Go to Japan to Sweep Goods: A Bag is Cheaper Than 3,000, and Purchasing Agents Earn 10,000 Yuan in One Trip".
Huanqiu.com—— 2024-4-27 Report on "Expert: The Monetary Policy of the United States Aggressively Raising Interest Rates is the Main Reason for the Depreciation of the Yen".
