Japanese media: The continuous depreciation of the yen has a huge blow to Japanese companies and people's livelihood

The yen breaks through the 1 US dollar against the 144 yen mark (Japan current affairs communication agency)

Overseas Network, September 14th. According to the Japanese current Affairs Communications Society reported on September 13, the Japanese yen has continued to decline recently. As of the 7th, the yen has exceeded 1 US dollars against the 144 yen mark, hitting a new low since the financial crisis in August 1998 Essence

Japan's current affairs communication agencies analyzed that the main reason for the continued depreciation of the yen was the difference in US -Japan financial policies. In order to curb inflation, the United States is currently tightening the monetary policy by significantly raising interest rates, while Japan continues to implement a large -scale loose monetary policy to help the economy recover from the epidemic. Therefore, the interest difference between the two countries is expanding. In addition, due to the voices of multiple parties on the market that "the financial policy of the United States and Japan will not change in a short time", more people choose to sell the yen and purchase the US dollar, which leads to the rapid depreciation of the yen.

So is the depreciation of the yen benefit the Japanese economy? Japanese current affairs communication agencies said that in terms of import and export, as many Japanese companies have shifted production bases abroad in recent years, the export advantages have become smaller and smaller; in terms of tourism, due to the new crown epidemic, the number of visitors to Japan has decreased sharply, and the yen The "benefit" of depreciation is also difficult to play; in addition, the Russian -Ukraine conflict has caused Japanese energy and food prices to skyrocket. At this time, the depreciation of the yen will bring a huge blow to Japanese companies and people's livelihood.

Japan's current affairs communication agency finally proposed that the depreciation of the yen is in line with the different trends of monetary policy in the United States and Japan. Under the background of the United States with priority to suppress inflation and does not want the US dollar depreciation policy, it is difficult for the Japanese government and the Bank of Japan to work. Intervention in the market to prevent the yen from depreciating. It is foreseeable that the yen disadvantaged tone will not change much in the short term. (Overseas Network/Wang Shanning Internship Compilation/Fan Xin)

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