On the Internet, it is said that the depreciation of the yen is very good, and it is recommended to invest in Japan, while some say that the depreciation of the yen is a long-term conspiracy of Japan, and it will be depreciated to one dollar for 300 yen in the future.
Japanese officials seem to be preparing to make some moves unhurriedly, but they have not seen the effect.
You know, Japan is different from China, Japan is a resource-poor country, many raw materials need to be imported, the yen has depreciated, the price of raw materials has risen, can the price of related products not rise? Even if it's good for exports, there's a degree, right?
Let's talk about the present!
In real life, the common people of Japan are complaining about their misery.
On May 11, according to an interview with a CCTV reporter in Japan, the Japanese people said that many daily food supplies, including vegetables and fruits, and daily commodities have risen by more than 1/3.
A mother said that she wanted to buy some fruit, but when she saw that the fruit was too expensive, she gave up. Although the children wanted to eat it very much, they especially asked their mother to buy kiwifruit, but after shopping around, my mother still felt that it was too expensive and did not buy it.
Facing the interview camera, I was embarrassed to laugh, but in my heart, I was sad. What mom wouldn't want to fulfill her child's wishes? Perhaps, this is not a wish, just a small request.
According to data from the Japanese research agency, the average increase of more than 400 food products in Japan included in the monitoring reached 31 percent, and the increase in high-rise goods, such as olive oil, reached 80 percent.
Japan's food and energy products are basically dependent on imports, and the rapid depreciation of the yen will lead to a rise in electricity, gas, and fuel oil.
According to public reports, Japan has spent 9 trillion yen to stabilize the exchange rate, that is, more than 50 billion dollars. Japan has a lot of U.S. bonds, and there is not much cash in dollars. But a few back and forth, still not a few bubbles.
USD/JPY is still hovering around 156. If Japan does not make any moves in the future, it will be difficult to stop the downward trend. The investment of more than 50 billion yuan has only slightly slowed down the depreciation of the yen.
At present, Japan is facing a problem that cannot be solved, Japan does not have many dollars that can be used quickly, and Japan does not dare to raise interest rates, and Japan's domestic economy will suffer a rapid setback after raising interest rates, so it can only hope that the United States will cut interest rates.
As the United States has said, inflation in the United States is still very serious, and high interest rates will have to continue for a longer time.