This time it is Japan! The yen exchange rate plummeted continuously! It reached 197 1 the longest decline since records began! Here, Liu Genghong, a top fitness network celebrity, does exercises. Here, 1 yuan can be exchanged for 20 yen. And coach Liu is still singing and dancing in the idol group of 1997, and one yuan can only be exchanged for 14 yen!
A clever kid said that buying Japanese goods in RMB is equivalent to a 20% discount! Hehehehehe, maybe the discount will be even bigger in the future!
Xiao Ming, who has many problems, doesn't understand that the yen is at least the third largest safe-haven asset in the world, and even the ruble has risen back. Why did the yen suddenly collapse?
Hehehehehe, it's not like the yen fell 1 day for two days. Since 20 12, Japan has been actively devaluing the yen and printing money. Why? Because the economy is bad! And it's not that people don't work hard! It's true. That's it!
Everyone knows that Japan is surrounded by the sea, with a small land and a large population, but energy is scarce, and resources are basically imported!
It needs to import 75 million tons of natural gas from all over the world every year, ranking second in the world; Crude oil imports 3 million barrels a day, ranking fourth in the world and third in coal imports. The energy self-sufficiency rate is less than 12%! In addition, about 70% of the most important rice bowls such as wheat, fruits and vegetables are also imported! The food self-sufficiency rate is only 37%! Belonging to the opening is a poor mine map! So how do you make money in such a situation? Quit
People really work hard! Cars, televisions, mobile phones, washing machines, refrigerators, smart toilets, electronic product chips, etc. , sold all over the world, 1 yuan is used to buy resources, and 2 yuan is used to sell products. Finally, it became a trade surplus country and made money!
But! After entering 2 1 century, money is not so easy to earn! The low-end manufacturing industry is slowly shifting to cheaper countries, while the high-end manufacturing industry has not made a big breakthrough. Facing the fierce competition of products from various countries, it has become a trade deficit!
Bottom line: goods are not easy to sell! What should I do? Take the initiative to devalue the yen and stimulate exports! In this way, Japanese products are cheap and convenient!
Don't say it. It's really effective. Once the king cuts the price to play bronze, the market will lose face. 20 years, after three years, finally succeeded in turning losses into profits! Making money again!
But! Unexpectedly, everyone knows what happened next, and it is global! I just stood up and was beaten down again! Not only did exports drop by more than ten percentage points, but tourism also directly dropped by 80%!
I thought everything would be fine until the international order was restored. The result is not a storm after a storm, but a thunderstorm!
What happened? Because it is risky to keep exports by depreciating the yen! All kinds of bulk materials are expensive to import! Therefore, it is best to pray that the weather is favorable and the prices of various commodities are stable, and at the same time, I hope that the products I export can continue to receive payment. If one of these two people pulls his crotch, it will explode.
And the result? At the same time! The stormy square!
In the first quarter, a global local conflict attracted worldwide attention, which led to direct or violent fluctuations in the prices of energy and various raw materials!
The skyrocketing energy and raw materials have aggravated the overall downturn of the global economy. People in many countries also live in poverty. No matter how low the price of Japanese products is, I don't just need to buy! Yes! I also sent the expected exit! Directly led to the depreciation of the yen for a long time, worked hard for a long time, and lost money! Still 8 months in a row!
What is the situation in Japan now? The inflation rate directly hit their highest level in 30 years, the prices of enterprises rose for 13 months in a row, and the prices of food, clothing, housing and transportation transmitted to local people were rising.
In addition, after the bursting of the economic bubble in the 1990s, the whole Japanese society was aging and childless, and almost entered a low-desire society, with low consumption and shrinking market.
Few people buy things produced by Japanese domestic enterprises. If we want to reduce the price, there is pressure to increase the price of upstream raw materials. If the price is increased, no one will spend it. It's just a pit! Moreover, enterprises can't make money, employees' income will be low, and they may lose their jobs and have no money to spend, preferring to save money!
Last year, Japanese household financial assets reached a record high, reaching 2,000 trillion yen, about four times its GDP, and they are all saving money. And residents don't consume, enterprises have more headaches and the economy is worse! The yen will continue to fall! The whole thing is a vicious circle!
That's it. It's not over yet! Since the beginning of this year, the Federal Reserve has been raising interest rates, while Japan's short-term interest rate is negative, and the yield of 10-year government bonds is almost zero! Everyone changed from yen to dollars, causing the yen to dive again! What about Japan now? At the end of April, I will meet the United States: Big Brother, exert your magical power!
Xiao Ming, who asked a lot of questions, asked, is it possible to stabilize the yen exchange rate by raising interest rates?
Hehehe, it can't do it. As I said before, there is too much money printed in Japan! 2 1 year, Japan's GDP is only 5 trillion dollars, but the foreign debt owed by the people is close to 13 trillion dollars, and the debt ratio is about 260%! What does this mean? Equivalent to every earned 1 yuan back to 2.6 yuan. At this time, you raised interest rates, raised interest rates. Let's put it this way: I was lying on the ground and you sold me! Can't even afford it!
So now neither demotion nor promotion, the slogan is loud and clear. The market is more worried that the probability of yen depreciation will continue.
Generally speaking, 1 USD can be converted into Japanese yen, and the ratio is between 100- 125! Now it has once exceeded 129! In this case, there are many ironies. Japan's own bank predicts that the yen will fall to 135 in the second quarter! Britain said that the pattern is small and I can see it140; France said get out of my way, I thought it was reduced to 150! What is the concept of 150? Japan was even higher than this when its economic bubble burst in the 1990s!
Xiao Ming, who asked a lot of questions, asked again, does the depreciation of the yen affect us? Hehehe, so at present, as long as the RMB is strong against the US dollar, the depreciation of the yen will only enhance the purchasing power of the RMB. I want to calculate PS5 router, TV stereo and so on, so you can pay attention to it!
In addition, Zhige reminds men that those who have daughters-in-law care more about their daughters-in-law, and Japanese skin care cosmetics will be downgraded with the continuous depreciation of the yen. . I am here to remind you!