Ten years ago, 10,000 yuan could be exchanged for 120,000 yen, but today 10,000 yuan can be exchanged for 220,000 yen. The Japanese have done nothing and their assets have shrunk by half; the Chinese have done nothing but doubled their spending power in Japan.
It stands to reason that when this kind of thing happens, the Japanese people should have risen up a long time ago and set fire to the palace, but instead of panicking, they were a little jubilant, why is this?
In the past two days, the yen has continued to plummet, and the exchange rate against the US dollar has fallen from 140 yuan all the way to 155 yuan, which has not yet bottomed out, hitting the largest decline since the "bubble economy" in 1990.
The situation is a bit like some time ago, when the Zimbabwean exchange rate collapsed. 1 US dollar can be exchanged for trillions of Zimbabwean dollars, leading to soaring prices, national bankruptcy, the resignation of the president, and the miserable situation of the people's livelihood, so some experts boldly predicted: Japan is also about to collapse!
Expert A said: The current crisis in Japan is even more serious than the stock market crash in 2008! Japan has fallen into the trap of US capital, and the whole people have been cut off and will never recover! I am afraid that it will be difficult for the next 30 years to recover.
Expert B said: The collapse of the yen is only the beginning, and soon the Japanese people will encounter the situation of buying a pound of rice for 500,000 yen, and the Japanese industry will also go bankrupt on a large scale due to the soaring prices of raw materials. Germany during the Great Depression was the Japan of the future.
Expert C said: Under the siege of American capital, Japan will be reduced to a third-rate country and become a second Vietnam, even inferior to India.
The patriotic fervor of the "experts" is understandable, but this is not the case with the real situation in Japan.
We want to surpass Japan, not by relying on sexual immorality, but by relying on the quality of Chinese manufacturing to be better than that made in Japan, and the quality of life of the Chinese people is higher than that of the Japanese. What is the difference between this kind of singing and declining regardless of the facts for the sake of a little traffic and the anti-Japanese drama?
The real situation in Japan today is that the depreciation of the yen during this period has finally ushered in the dawn of the rise in Japanese housing prices, which have been silent for 30 years!
For example, a commercial house worth 30 million yen in Tokyo rose to 32 million yuan in a week, an increase of 2 million yuan out of thin air. But the people of Tokyo were cautious about it, and the owner of the house stressed that the purchase of the house coincided with the collapse of the "bubble economy".
When I bought it, it was 45 million, and it fell to 22 million at the lowest, and I was already insolvent, so now it doesn't feel like it's rising to 32 million, it's still a loss. But after 30 years of deflation, a little inflation is always a good thing.
After 30 years of stagnation, Japanese people have taken a very light view of housing prices, and falling housing prices are the norm, but rising is good news. Therefore, just looking at the skyrocketing housing prices, it is a "house slave mentality" to say that the Japanese economy is about to end.
In fact, the key to the Japanese economy is consumption. As long as consumer demand does not fall, there will be no major problems in the Japanese economy.
And the Japanese government has done a very good job of controlling prices.
From last year to this year, against the backdrop of rising global prices, the prices of rice, flour, grain, oil, gas, and water and electricity in Japan have been stable, with prices rising by only 2% on average. Compared with the 7%-15% increase rate in Europe and the United States, prices in Japan have not risen.
In addition, last year, Japanese wages also rose slightly. Overall, the spending power of Japanese people has not decreased, but has become stronger.
Deutsche Bank data shows that the current consumer confidence index of the Japanese is at a historic high.
It is not at all like the "unaffordable rice" described by some experts, "the whole people are harvested by the United States".
On the contrary, the low exchange rate has attracted a large number of foreign tourists to Japan to spend, and buying anything is equivalent to a 9% discount, which is very cost-effective, further promoting the prosperity of the retail market.
What's even more bizarre is that with the depreciation of the yen, Japanese companies have made a lot of money from overseas investment, pushing up the net profits of Japanese companies and offsetting some of the expenses related to the increase in the price of imported raw materials.
The most extreme example is that of a Japanese pension fund invested in the United States, the profits of the last two years were converted into yen as the sum of the past 20 years.
Speaking of which, there will definitely be many people who are curious: how did the Bank of Japan manage to "release water" while not producing serious inflation and keeping prices stable?
The answer is to send excess yen overseas and dump inflation overseas.
Although Little Japan is bad, it is also necessary to admit that their approach is indeed very clever.
So, let's take a look at how they do it:
First of all, the Bank of Japan used the surplus yen to buy the debt of the Bank of Japan, and this purchase turned the Japanese bank bonds into a bond with a higher price and turned it into a financial product.
Then, the Japanese send these high-value bonds to countries where Japan invests, such as India, Vietnam, Thailand, etc., and let their central banks use Japanese bonds as reserves for the issuance of their own currencies, such as 10 billion yen bonds, and Indian banks should issue an additional 20 billion rupees.
Finally, the Japanese will tell these countries very kindly: In order to prevent inflation in your country, please direct the additional money to local Japanese companies.
These overseas Japanese companies suddenly got a large amount of loans from local banks, and they have the strength to expand their production locally, advertise, and engage in marketing until they occupy the global market.
In this case, even if Japan's domestic GDP growth is zero, their overseas gains will be enough to support the Japanese economy.
This is the real Japanese – bad and good, exporting inflation and occupying the local market, killing two birds with one stone.
This is also where we need to learn. In the face of great changes unseen in a century, we can only defeat them if we are more refined and "bad" than them. And self-righteously thinking about the enemy too stupid, thinking that they will be stupid enough to blow themselves up, that is a plot only in anti-Japanese dramas.
Author: 9527