The yen exchange rate suffered a heavy setback, triggering a "rush to buy"
Recently, Japan's financial market has changed dramatically, and the yen has plummeted against the US dollar, once falling below the 158 mark, hitting a new low in more than 34 years. This exchange rate movement has sparked an unprecedented rush of buying by foreign tourists and Chinese in Japan, with designer luxury goods being sold at almost the price of cabbage.
According to media reports, there are long queues in front of luxury stores in Tokyo and other places. An overseas Chinese revealed that if you want to enter the LV store, you have to wait for at least more than an hour. When passing through security, almost everyone was carrying a large LV shopping bag or two. LV bags, which originally cost 20,000 or 30,000 yuan in China, are almost sold for cabbage with the blessing of the depreciation of the yen.
Purchasing businesses are competing to open up to make money and make a lot of money
In the face of such a "good time and place" luxury shopping opportunity, many domestic consumers have sought purchasing services. An experienced daigou proudly said that in recent months, business can be described as booming, and making money is a little soft. Every time you go to Japan, as long as you stuff your suitcase with all kinds of luxury goods, you can earn tens of thousands of yuan conservatively.
It can be seen that in the context of the collapse of the yen, luxury goods are obviously far from their high-end value, but are as close to the people as Chinese cabbage. However, while foreign tourists and "daigou legions" are ecstatic about these world-famous brands that are being promoted at reduced prices, ordinary people in Japan are living a life of ghee and slippery.
Food prices have skyrocketed, and a cabbage is more than 100 yuan
According to the report, due to the depreciation of the yen, the price of imported goods has soared, and the price of many daily fresh foods has also been "halved" to the past level. Now in some supermarkets in Tokyo, Japan, the price of a cabbage is equivalent to about 100 yuan, which is more expensive than luxury bags from China.
For Japan, which has long relied on large imports, the depreciation of the yen is destroying the standard of living of ordinary people. On one side, the world's famous brands with cabbage prices, and on the other side, there are food products at luxury prices, and this serious "price inversion" phenomenon has undoubtedly exacerbated the gap between the rich and the poor in Japanese society.
Currency manipulation conspiracy by foreign capital?
It is true that the depreciation of the yen has led to a strange inversion in the price of goods, and it is true that the price of luxury cabbage and food has skyrocketed into luxury goods in Japan. However, many netizens suspect that there may be some external forces and cabal behind the scenes, inducing overseas consumers to go to Japan to buy luxury goods in order to "save" Japan's GDP growth.
Whether it's a marketing ploy or a deeper conspiracy, the yen is indeed on a path of continued depreciation. This currency depreciation will inevitably further exacerbate the gap between the rich and the poor in Japan, with further shocks to the country's economy and society.
We should not only rationally look at the "game" opportunities brought about by the depreciation of the exchange rate, but also reflect on the "comparison" psychology of excessive pursuit of foreign luxury goods, and we must not ignore the difficult situation of ordinary people in the exchange rate storm. After all, whether a country's economic development is truly prosperous or not ultimately depends on the degree to which people's basic livelihood is guaranteed. When the lack of food and clothing for ordinary people became a luxury, the country's development was already in crisis.
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