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Although the economic development trend of the United States in recent years has not been very good, it has even been rumored that there may be a risk of economic explosion.
But America's influence in the global economy is still not to be underestimated. This is due to the hegemonic role of the dollar.
Since the establishment of the hegemony of the US dollar, the US government has continued to rely on the influence of the US dollar in the world to do whatever it wants, constantly driving fluctuations in the global economy.
Although the United States is a global economic power, the debt of the United States is very large, especially in the context of the continuous increase in fiscal spending by the United States government, the debt of the United States has been hitting the ceiling in recent years, and is now almost the same as the previous maximum debt ceiling.
As the size of the U.S. debt continues to grow, more funds are needed to support the normal operation of the U.S. government, coupled with the fiscal deficit and the rising annual military spending, etc., the Fed has set its sights on other countries.
Because the United States has successfully used interest rate hikes to take the wealth of other countries for itself during many economic crises in the past.
This time, the U.S. government also hopes to use the same means to acquire a lot of wealth.
Because many countries have suffered heavy losses when the United States launched economic wars in the past, more and more countries have seen clearly the viciousness of the United States in using the hegemony of the dollar to do whatever it wants in the international community.
In recent years, many countries have reduced their relationship with the US dollar.
As a result, it will be difficult to achieve the goal of using interest rate hikes to harvest the wealth of other countries.
As a result, the United States turned its attention to the economic powers of the East. In the eyes of the U.S. government, only China can help the U.S. defuse the current crisis, after all, it provided support to the U.S. during its last economic crisis.
The various moves of the United States in recent years have also enabled the mainland to fully see the face of the United States. In particular, the many sanctions launched against Russia have also made it clear that the economic risks associated with the peg to the US dollar have also been clearly seen.
As a result, the mainland began to significantly reduce its holdings of U.S. bonds, which led to further increases in U.S. debt pressure.
Against this backdrop, the United States has imposed financial measures in an attempt to short China's economy. In the recent financial turmoil in which the United States took the lead, China was included in the key harvest targets.
It's just that with the mainland's strong economic strength and the fact that it has taken precautions before, it is not so easy for the United States to successfully harvest China's economic wealth.
At this time, many bears in the United States have shifted their attention to Japan, after all, Japan has always adopted a very loose monetary policy, coupled with a negative interest rate policy for more than 10 years, it is easier to short Japan than to short China.
Recently, the yen exchange rate has once again fallen sharply, and the rate of depreciation of the yen has reached an alarming state.
At present, the Bank of Japan is facing a very serious dilemma, and ordinary people are suffering from a higher cost of living.
In the face of the continuous economic turmoil, the Japanese government did not take a position at first, and still adopted a more traditional approach. However, in order to eliminate the impact of this financial turmoil as soon as possible, the Japanese Government recently adopted the method of interceding with the United States.
Japanese officials claim to want U.S. help to protect Japan's exchange rate through coordinated intervention. In the face of this request from Japan, the United States resolutely refused.
Not only that, Yellen also made remarks about the current problems facing Japan in a public speech, saying that although Japan's exchange rate is falling sharply, Japan cannot do anything to resist.
This also shows that Yellen's attitude towards Japan has changed, and she has made it clear to the Japanese side through a tough attitude that if the Japanese government forcibly intervenes, then it may suffer a blow from the United States.
The United States has made its position clear, and at the same time, it has said that it is difficult for the US government to help Japan resolve the current depreciation of the yen, and it does not agree with Japan's intervention in this matter at present. Otherwise, it will reduce the exchange rate of the US dollar.
For the United States now, the inflation problem is a difficult problem for the government to solve.
A very key reason for the Fed's interest rate hike policy is to reduce inflation.
If Japan takes measures to resist in the course of this economic harvest, it is possible to lower the exchange rate of the dollar, and the inflation problem in the United States will be even more serious at this time.
In order to ensure the interests of the United States, the US government issued a strong warning to Japan not to allow Japan to intervene in the decline of the yen exchange rate.
In fact, for Japan now, only by intervening in a timely manner in the decline of the yen exchange rate can the negative impact of this economic storm be better eliminated.
As things stand, Japan will not take measures to resist after being warned by the United States. It's hard to say exactly how the yen exchange rate will end?
What do you think about the U.S. harvesting of the Japanese economy? Welcome to discuss in the comment area!