For Japan, a country that knows the details but does not know the big things, it has always been in a unique position in our hearts.
Loading...
We will never forget the pain that Japan has brought to us. This is a history that is hard to write about, and it is also an indelible reality.
It was after the end of World War II. Japan has tightly hugged the thigh of the United States, and the United States' control over Japan has always been shown on the bright side, for the United States, Japan is an important ally, but also his little brother, in his opinion, Japan should unconditionally support the United States' decision, and safeguard the interests of the United States, but recently Japan actually sold off US Treasury bonds, this move made the United States very shocked, the United States is not in a good situation today, the dollar is depreciating, countries around the world are constantly selling US bonds, In this case, Japan, a country that is his ally, actually stabbed him in the back, which made Biden very unhappy.
Japan's move could cause a butterfly effect that would cause other countries, including U.S. allies, to follow suit, and the consequences would obviously be beyond the reach of the U.S., and the dollar would fall sharply.
Japan's policy decision is obviously correct; under the current economic situation, it must first maintain the exchange rate of the yen so that its own country's economy will not collapse, and only by wantonly selling US bonds on a large scale and getting rid of the control of the US dollar can we ease the pressure on the yen and slow down the decline of the yen's exchange rate.
Biden of the United States accused Japan, only knowing that he was selling US bonds on a large scale, but he was indifferent to the immigration issue, the main culprit of the Japanese economy, while Japan was unusual, and did not show the obedience of the past.
The U.S. economy is in big trouble right now, with a declining per capita savings rate, and although the U.S. has adjusted its economic policy to give people benefits that increase interest, it has not increased people's savings. There is no doubt that income is increasing, so where does this money go?
In this way, we have to delve into another important problem in the United States, which is inflation, the increasing price of goods, and the fact that people's incomes are not increasing as much as they think, which may lead to the return of US Treasury bonds not as much as they think.
The sell-off of the first batch of $60 billion in U.S. bonds is just an appetizer, and Japan may further sell U.S. bonds in the future, with $200 billion being the most likely figure.
Japan wants to break free from the dollar's grip, and this is the best opportunity, even if it angers the United States.
Some netizens said that this is a series of measures taken by Japan when the election is imminent, in order to gain the support of the Japanese people, but this is a good move, although the consequence may be the scolding of the United States, but now the United States is not free to sanction Japan, after all, Japan is still his ally, and sanctions against Japan will only chill other allies and greatly reduce the prestige of the United States.
Nowadays, the situation of the dollar is very unfriendly, all countries in the world have to get rid of the US debt, to avoid being dragged down by the dollar, the trend of dollar depreciation is inevitable, reducing losses is the best choice, their own country's currency is the first choice that should be maintained, otherwise it will be deeply trapped in the cage of the dollar, the United States controls its own economic lifeline, independence is always the best choice, the interests and value retention rate of the dollar is not as good as it once was, to see the reality, the dollar foreign exchange reserves have now become a time bomb, When you buy at a high price, you don't expect to sell at a low price, and you will lose a lot, but as long as you stop your losses in time, it is a wise thing.
China is now also constantly reducing the US dollar foreign exchange reserves, the RMB exchange rate is now increasing, and it is gradually becoming an important foreign exchange reserve of the world, compared with the US dollar, it is equivalent to a vigorous young man and a faltering old age, China's economy is constantly improving, and the world economy is increasingly inseparable from the participation of the RMB.