The yen fell sharply.
By the close of trading on April 28, the yen had fallen to its lowest level in 34 years at 158.43 against the dollar.
△ This is the headquarters of the Bank of Japan taken in Tokyo, Japan on March 19 Source: Xinhua News Agency
This means that a bag worth 20,000 yuan in China is equivalent to a 20% discount in Japan, including the exchange rate and various preferential purchases.
So if you have relatives who are going to Japan to play, hurry up.
Purchasing this wave of real incense.
On the other hand, tourists are partying here, but the people of Japan are not going to survive.
The price of your luxury cabbage, the cabbage we eat, the luxury price.
The yen fell sharply, what is the impact.
Let's start with a summary:
It is friendly to tourists who do not use yen, and extremely unfriendly to Japanese civilians.
But it had little effect on the upper echelons of Japan.
ONE
USA: It's none of my business
In fact, the decline is not limited to Japan.
This year's strong dollar has sent most Asian currencies to a full-blown storm.
In fact, in addition to the renminbi, Asian countries have been more or less affected, especially Southeast Asian countries, the Thai baht, Indonesian rupiah, Vietnamese dong, and Philippine peso have all suffered a sharp depreciation and a new round of sell-off.
As a member of Asia, Japan is not expected to attract much attention.
But what makes it special is that the stock market is doing exceptionally well.
All of them are suspicious.
In most countries, there is more of a positive correlation between stocks and foreign exchange, and it is rare for Japan to have a 'good exchange rate difference'.
Is Japan abandoned by the United States Daddy, Daddy took advantage of the innocent cherry blossoms, wanted to short the market, and then took it away in waves.
But if the United States shorts Japan, there is something strange again.
The normal logic should look something like this:
The United States collapsed Japan's exchange rate, and then the Japanese stock market also collapsed, and all stocks and bonds were exchanged, and Japan was pressed to death in one wave.
As a result, Japanese assets are low.
Then copy the bottom with the backhand, and then buy back the Japanese assets, and complete a wave of harvesting by the trend.
But Japanese stocks are rising, and the United States is not resentful.
Since 2021, the United States has actually actively released signals, and love and hate are clear: sell China and invest in Japan.
It is also from this time that there is a lot of news about Mr. Buffett and Japan, Buffett is betting on the Japanese market, and Buffett is ...... in Japan.
Don't say it's all the old calendar, after all, wasn't it talking about the rise of Japan some time ago.
However, due to Warren Buffett's continuous buying, the confidence of the international capital market and Japan's domestic capital market in the stock market has been further enhanced, and the Japanese stock market hit a new high in 34 years some time ago.
In short, if you look at the hollowing out of Japan by the United States, it doesn't make sense.
TWO
Japan: All hands are rotten from top to bottom
What is the reason for today's situation?
The first is that Japan has implemented ultra-loose monetary policy for a long time, and interest rates have been clearly "decoupled" from fundamentals.
The desperation in Japan is very heavy, not only among the common people, but even among the privileged classes.
For ordinary people, the attitude is that to live is to suffer.
What about the privileged class? It's not going to be good anyway, just be perfunctory, just don't have an accident.
From the Olympic Games, the nuclear leak, and the Kobayashi pharmaceutical incident, all reveal Japan's 'rottenness'.
Supervision didn't find it = it's okay, once it is discovered, it will be a big deal.
It's okay, it's okay, uh-huh, it's gone.
Including finance.
Azu has said more than once how aggressive the Maldives is to bail out the market, and countries in other regions have also started currency defense wars, but what about Japan?
Japanese Finance Minister Shunichi Suzuki looked at the Federal Reserve, saying that from "increasing attention" to "not hesitating to intervene", there is no relevant means.
Consistent tonality.
What about the other thing.
It's kind of funny to say, most of the companies in Japan are not in their own country, they are overseas.
Therefore, the decline in the yen exchange rate has a significant stimulating effect on Japan's exports, which in turn improves the profitability of Japan's export-oriented enterprises and supports the rise of stock prices.
THREE
Japan: All hands are rotten from top to bottom
Since the companies are fine, the stocks are fine, and the reduction of the yen exchange rate has little impact on the wealthy people in Japan.
But ordinary people are miserable.
The depreciation of the yen has led to an increase in the cost of imports, which has further pushed up prices in Japan.
On social media this year, from time to time, I will see Japanese people posting posts such as "Life has become more difficult than before, and the price of lunch is limited to 200 yen (about 9.3 yuan)", "Please tell me how to shop at a low price".
At a restaurant in Toyosu Market in Tokyo, a luxurious seafood rice bowl priced at 18,000 yen (about 834 yuan) is popular among foreign tourists, but no one cares about it in front of locals.
Foreign customers are spending more and more high-end money.
It is getting harder and harder for Japanese wallets to open.
I heard that Japanese people now bring their own rice when traveling abroad.
Now that the pressure on the lives of the Japanese people is even worse, then the Japanese authorities should actively work hard.
But a mad understanding of the Japanese authorities came:
Because things linked to the cost of living have started to be expensive again, and the common people have no capital to lie down, and Japan can take off again.
FOUR
When you are cornered, you will be able to give birth to courage?
For the Japanese authorities, they may want to see if the Japanese are completely driven crazy and can take a turn of fire rather than deflation.
The elderly in Japan may have saved 10 million yen for retirement, but the exchange rate has fallen in the past two years, and now that I look at it, my 10 million yen is only less than half of the purchasing power I had before.
What to do?
The old man had no choice but to come out and work.
This is especially true for young people, now that prices in Japan are rising, but wages are not rising, what kind of abandoned houses do young people want to do?
I'm sorry, you're ruining the house now, you can't even pay the rent.
There is no way, young Japanese people can get up and work.
In this way, the purpose of the Japanese authorities was achieved.
Inflation is there, social consumption is forced to rise, and economic growth is possible again.
Even as foreign exchange fell, the products and profits of Japanese companies increased, and they all won.
Compared with the time when Yamaoka Shohachi used "Tokugawa Ieyasu" to pour a handful of chicken soup for the soul into the Japanese comrades.
The Japanese authorities decided to go crazy directly:
"If you don't work hard, you won't be able to live. ”
How so?
It's an East Asian country.