The yen continued to depreciate against the dollar, hitting a new low since 1990. Nowadays, 1 yuan = 22 yen.
Many Chinese shouted the slogan of "copying the bottom" and swept away the suitable goods in the mall. So much so that some areas of the mall were sold out directly and they left work early.
Mr. Li, who often travels to Japan on business, is even more glad that he did not buy a house on impulse before.
The house that turned out to be worth millions has been cheaper by more than 400,000 yuan in the past few days.
The source of this article comes from the official media [Qilu One Point] [China Energy Network] (the link is attached at the end of the article). In order to improve the readability of the article, there may be polishing of the details, please read sensibly, for reference only!
Reasons for the depreciation of the yen:
Many tourists said that the mall was almost entirely full of Chinese. They have been buying, buying, buying, and spending very generously, taking thousands of jewelry when they see it, and buying tens of thousands of watches.
There is a long queue in front of the LV store, and the posture is to sell everything short.
Why did Japan, once the world's second-largest economy, fall to this place?
There are many reasons for the depreciation of the yen, but there are two main ones:
One is the low interest rate of the Bank of Japan itself.
Aging and environmental problems are on the rise in Japan.
The price of vegetables in Japan is several times that of China, and the average Japanese eat only a quarter of what Chinese eat per meal.
Faced with the huge cost of living, young Japanese people are also choosing to lie flat.
As a result, the Japanese economy has not been developing very well, and the interest rate on bank deposits is extremely low.
Second, the United States has implemented a policy of raising interest rates, and Japan needs to import a large number of goods, and it needs to exchange the Japanese currency in its hands for US dollars. At this time, the U.S. interest rate hike policy has an advantage compared to Japan's near-zero interest rate.
People prefer to save dollars for higher interest rates, so the yen is sold off in large quantities, and a large amount of money flows to the United States, and the yen sold in large quantities exacerbates the depreciation of the yen.
The Bank of Japan does not change its monetary policy stance in the short term, which could further exacerbate the depreciation trend of the yen.
Is the depreciation of the yen really as simple as it seems?
The conspiracy behind the devaluation
In 1997, Thailand's economy was sluggish, and it was necessary to rely on foreign loans for a long time to maintain the country's fiscal balance.
At this time, Soros, a well-known American speculator, led the quantum fund into Thailand and sold a large number of Thai baht.
Thailand was forced to abandon its long-standing fixed exchange rate with the US dollar and implement free floating.
This has led to an economic crisis unprecedented for Thailand, and even the entire Asian economy has been affected by Thailand.
The Hong Kong dollar has become the most valuable currency in Asia.
With the help of the mainland, the Hong Kong Autonomous Region has successfully survived this economic crisis.
In this economic crisis, Asian countries suffered heavy losses, but fortunately, the mainland was economically closed at that time and was not affected much.
As we all know, Japan has always been a vassal of the United States, and everything is done by the face of the Americans.
Today, the yen has depreciated sharply, and after the epidemic is over, the economies of other Asian countries except China are weakening.
It is highly likely that the United States will use Japan to create an Asian economic crisis.
The United States, perhaps, has given the Japanese government unimaginable benefits.
At the expense of the Japanese people, stumbling on China.
Perhaps it is a strategic move to slow down the steady development of China's economy and defend the hegemony of the United States.
In the face of such high prices, the Japanese people are very worried about the currency that continues to depreciate in their hands.
In the face of the duties and insults of the masses, the Japanese government has not yet responded positively, so is there any ulterior secret about the depreciation of the Japanese currency?
The views of the Chinese and Japanese people on the depreciation of the Japanese yen
Chinese see this as a good shopping opportunity, and Mr. Zhang, who has 10 years of purchasing experience, said that this time was particularly busy, and many expensive goods became "cabbage prices".
The Chinese are honest and never speak back.
The majority of the Japanese people are very sympathetic to the plight of the Japanese people and hope that they will be able to overcome this difficult time.
Japan's massive discharge of nuclear sewage into the ocean has dealt a severe blow to its fishing and tourism industries, discrediting it.
No one imports their seafood at all, and there are no tourists to visit.
Now, the depreciation of the Japanese currency has caused the Japanese people to suffer unjustified disasters.
The ordinary commodities of life are almost about to become luxuries.
It costs more than 100 yuan to buy a Chinese cabbage in Japan, and you can only buy a tomato for 8 yuan.
People are also starting to travel less and eat at home as much as possible.
Many Japanese people said that the depreciation of the Japanese currency is due to the incompetence of the Japanese government, and that the government should introduce countermeasures as soon as possible to be responsible for the Japanese people.
On the Internet, the Japanese masses are even more scolding the government and strongly condemning its inaction.
When an adult is asked a question, laughter is the most helpless answer.
Some people speculate whether the high consumption of Chinese people in Japan will cause Japan's economy to pick up.
In other words, it is possible that the United States is using Japan to create a trap for China.
These statements show that the Chinese people have also begun to have a sense of crisis, which may be the same as the methods of the United States back then.
If this is the case, will China be able to cope with this crisis?
How is China responding to the depreciation of the yen?
After the epidemic, China's economic development has been significantly better than that of neighboring countries, and it can still achieve a growth rate of around 5%.
Although there are many challenges in terms of attracting investment, there are many challenges in terms of international trade and domestic consumption.
But I believe that China is absolutely capable of facing the economic offensive of the United States.
You must know that the current size of China's economy cannot be shaken by any small fight.
After so many years of development, the mainland has huge foreign exchange reserves and is deservedly the world's largest foreign exchange saver.
Although the depreciation of the Japanese yen or other currencies will have a certain impact on China's exports, our country has a wealth of experience in dealing with international financial problems.
Even if there is a slight depreciation of the renminbi, China has the ability to control it by adjusting its foreign exchange policy.
China has great strength, which Japan does not have, and it is destined that the renminbi will be more stable than the Japanese currency.
brief summary
The impact of the depreciation of the yen on China is multifaceted, with potential negative impacts such as trade pressures and changes in capital flows.
There are also potential positive effects, such as reducing import costs and stimulating tourism.
Therefore, we still need to pay close attention to the trends and reasons for the depreciation of the yen, and take corresponding measures to deal with the possible impact.
After reading the ins and outs of the depreciation of the Japanese currency, what do you think in front of the screen? Welcome to leave a message in the comment area......
Resources
[1] [Qilu One Point] (Qilu Evening News's official account) - "The depreciation of the yen has attracted a large number of Chinese tourists and purchasing agents, and the number of tourists visiting Japan exceeded 3 million for the first time in March"
https://www.toutiao.com/article/7362747622005850633/?channel=&source=search_tab
[2] [Social Hours, Minutes, Seconds] (Official Account of Social Hours, Minutes, Seconds) - "Japanese Luxury Cabbage Price, Real Cabbage 100 Yuan Becomes a Luxury Item, Purchasing Agents Run to Japan to Earn 10,000 Yuan"
https://www.toutiao.com/video/7362729130791698971/?channel=&source=search_tab
[3] [China Energy Network] (official account of the official website of China Energy News) - "Yen depreciation hit a new low! Tourists go to Japan to sweep goods: a bag is cheaper than 3,000, and a purchasing agent earns 10,000 yuan on a trip"
https://www.toutiao.com/article/7362581988958487091/?channel=&source=search_tab