The per capita income surpassing Japan is not necessarily that you are chasing me, it is likely to go both ways!
I wanted to talk about the story of the yen falling endlessly, but I didn't expect the yen to plummet faster than I could write articles, and I was also stunned, thinking, I know that the yen is in a hurry, but don't worry, alas, why are you still directly on the table?
Today, it fell below 160 yen to 1 dollar, the lowest record since 1990, and then quickly rose to 155 yen to 1 dollar, and it seems that Japan has finally intervened.
Some people may ask, what does the collapse of the yen have to do with us ordinary people?
To tell the truth, of course, after all, many years ago, there were many intermediaries, public knowledge, and colonists who were propagating: the renminbi is not good, and the yen must be tuned!
You see, the yen in the hands of these people is at least 6-7% off. After all, in 2020, 1 yuan was about 14 yen, and today it is 1 yuan to 21.6 yen.
If you haven't paid yen before and haven't worked in Japan, is that okay with you?
Obviously not, when it was more than 140 yen to 1 dollar, there were already people fooling around, saying what to buy yen, or going to Japan to buy and buy something. If you had listened to the advice of the yen, it would have been a loss of 10%. It is even more excessive to persuade everyone to buy and buy people all over Japan, and now people all over the world want to cut Japanese leeks, so this hotel ticket must not go crazy up? After you go, you have to face nuclear contaminated water and nuclear seafood, do you still have to mix it with some Kobayashi Pharmaceutical, and soak a century-old soup with bacteria that exceeds the standard by 3,700 times? Even if you can bear it, are you sure that the difference in the price of those products you buy can make up for the increase in the price of hotel air tickets?
So, listen to persuasion, it's really an opportunity to make a fortune, others have already secretly made a fortune, you must know that the previous people also felt that they were copying the bottom, how can you be sure that you are copying the bottom?
Of course, with the collapse of the yen, something magical is happening:
In addition to this, I also saw someone ask a very strange question online:
This is really a question from a tiger and a wolf, who is a good person who can ask this kind of question?
How could the Japanese not feel the impact?
The collapse of the yen is mainly due to the profits of Japan's large enterprises, and then the suffering of the common people. In a poll titled "What is the impact of the depreciation of the yen on your life?", 87.5% of people believe that the depreciation of the yen has a negative impact on their lives and are pessimistic, only 8.2% think that the situation is optimistic, 3% say they do not feel it, and 1.2% say they do not know.
So what is the impact of the collapse in the exchange rate on the Japanese people?
The first is inflation. According to a survey released by the Ministry of Health, Labor and Welfare, if price changes are taken into account, wages in Japan have actually fallen for 23 consecutive months, which means that wages cannot keep up with soaring prices, and they are still getting worse.
In fact, there is another data that can also be corroborated. Engel's coefficient, a higher means a higher proportion of household income and expenditure on food, which means that there is no way to spend money elsewhere.
Japan's Engel coefficient recently hit a new high since 2000, indicating that the quality of life of Japanese people is declining sharply.
And there are 2 important reasons for all this, one is the Russian-Ukrainian war and the Palestinian-Israeli conflict, which has led to rising global energy prices, and Japan, a country that is very dependent on raw material imports, which has led to the purchase of things becoming more expensive. Another reason is the collapse of the yen, and for Japan, the purchase price of overseas raw materials will also rise further. When these two factors are combined, it is not surprising that goods in Japan are not expensive, which has led to inflation in Japan.
It doesn't matter if things are expensive, provided that the salary can keep up. Therefore, for some time now, there has been a lot of discussion about salary increases in Japan. As a result, only a few large companies have risen a little, and most of the other companies are very weak on this matter, so the second reason is that the salary increase is not strong, and the wages of Japanese people have hardly fluctuated in the past 30 years. As a result, the average salary in Japan in February is now 282,265 yen, which is about 13,104 yuan at the exchange rate at the time of writing.
In 2022, the average salary of employed persons in full-caliber urban units in Shanghai is: 12,183 yuan/month.
Do you suddenly feel that China's per capita income is about to catch up with the "developed" Japan, and you should know that the collapse of the yen may continue, does that mean that the gap will continue to narrow? In addition, Japan's overall consumption level is much higher than China's, thanks to China's self-sufficient food policy and the world's largest industrial manufacturing capacity, which allows us to buy a variety of daily necessities and food at low prices. Therefore, if the per capita income exceeds that of Japan, it is not necessarily that you are chasing me, it is likely to be a two-way rush!
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