1. Japan losesCurrencyWar,Economy28 yearsNegative growth。Dollar harvest JapanEconomyThe tragic story of .
In retrospect 40 years agoCurrencyAt the beginning of the war, Japan was the second largest in the worldEconomybody, with the AmericanEconomyThe gap is just over $2,000 billion. At that time, Japan was known for its strongEconomyIt is only a matter of time before the rate of growth, which seems to surpass that of the United States. Today, however, the reality is surprising, with a GDP of 25 percent in the United States74 trillion US dollars, while Japan's GDP is only 423 trillion dollars, the gap with the United States is getting wider.
In 1995, it was recognized as JapanEconomyThe peak of the following years was marked by a significant **, which fell to a low point of 4 in 1998$1 trillion. In the years that followed, JapanEconomyIt remained fluctuating to a certain extent until 2012, when it reached 6$27 trillion, a record high. However, it has since fallen into ** again, until it fell to 4$23 trillion, just above the lowest point in 1998.
This oneCurrencyThe cause of the war can be traced back 40 years. In the 80s of the last century, Japan'sEconomyThe momentum has made the United States feel threatened. The United States is known forJapanese YenUnder the pretext that the devaluation led to an imbalance, Japan was asked to signThe Plaza Accordand then pushJapanese YenAppreciate. DramaticallyJapanese YenThe appreciation led to a spike in Japanese assets, forming a hugeAsset bubbles。However, this bubble eventually burst in the early 90s, and the property market and ** collapsed one after anotherEconomyIt is also in trouble, and has been in a downturn for nearly 30 years.
Now, however, Japan is once again in trouble. The Federal Reserve raises interest ratesConstantly, countriesCurrencyThey're all **,Japanese YenThe decline was the worst. What is surprising is that Japan's official and non-governmental organizations are operating "like gods". Starting in June, the Bank of Japan has been in a row for three months**U.S. Treasuries, actually continue to increase their holdings. It wasn't until September that the Bank of Japan began sellingU.S. TreasuriesBut the data shows that the purchase volume of ordinary institutions and people in the market may be as high as 48.5 billion US dollars, which far offset the central bank's sell-off, and even a net ** situation.
Be that as it may, the JapaneseEconomyRecently, the Bank of Japan will raise interest rates next year. If Japan raises interest rates and the Fed has to cut them, this will be the best time for Japan to fight back. For JapanEconomy, a rate hike would be a positive factor, if addedU.S. dollar indexFast**, thenJapanese YenThe appreciation against the dollar will be even greater. In the endJapanese YenCan we achieve counter-killing and harvest dollars?This oneCurrencyThe results of the battle are about to be revealed.
After Japan's defeat in World War IIEconomyOnce in a recession, everything is in ruins. However, with the deliberate support of the United States, JapanEconomyIt was able to take off. In the 80s, Japan became the second largest in the worldEconomyposes a huge competitive threat to the United States. At this time, the United States with the help ofJapanese YenThe devaluation was initiated against JapanCurrencywar, hoping to solve the problem of ** imbalance through exchange rate adjustment.
However, this oneCurrencyThe war ended up with JapanEconomyBrought a huge and heavy blow. Japanese YenThe sharp appreciation of the value of Japanese assets has led to a sharp increase in the number of assets, which is unprecedentedAsset bubbles。However, this bubble then burst in the early 90s, and the property market and ** collapsed one after another, JapanEconomyIt has also fallen into a decades-long phase of recession and downturn.
of this timeEconomyThe downturn has had a profound impact on Japan. Unemployment rateHigh levels, many companies have closed down, and many families are struggling to make ends meet. ** Taken in a seriesEconomystimulus, including the implementation of easingCurrencyPolicies and large-scale fiscal spending, but with little effect.
However, despite the fact that JapanEconomyIt's in the doldrums, but there's still some light. Japan has carried out a series of activities over the past few decadesEconomyreforms, including liberalization, reform of the financial system, and labor market reforms. These measures have gradually improved the business environment in Japan and laid the foundation for future recovery.
In addition, Japan is trying to find new onesEconomyGrowth drivers. For example, to stimulate innovative technologies and develop emerging industries, Japan seeks to achieve this through technological innovation and greenEconomyTransformation to promoteEconomygrowth. At the same time, opening up to the outside world has also become a strategic priority for Japan, through strengthening with other countriesEconomycooperation to promote the development of exports and tourism.
With such efforts, Japan'sEconomyNew opportunities may open up. However, there are still many challenges on the road to recovery, such as an aging population, a high debt burden, and a global populationEconomythe impact of uncertainty. Therefore, Japan needs to continue to carry out structural reforms and adopt effective policy measures in order to achieve the real oneEconomyRecovery.
In recent years,Japanese YenThe problem of depreciation became JapanEconomyThe focus of attention. Especially against the backdrop of the Federal Reserve's continuous interest rate hikes, countries have emerged in the marketCurrencyThe prevailing ** situation, whileJapanese YenThe biggest drop. This year,Japanese YenAnother large **, with a maximum drop of more than 15%, brought the exchange rate down to 151, raising fears that the dollar is about to harvest JapanEconomy
However, at this critical juncture, Japan has unexpectedly carried out a series of operations that are contrary to its own interests. Since June, the Bank of Japan has been continuously ** for three consecutive monthsU.S. Treasuries, until September, 28.5 billion was thrownU.S. Treasuries。What's even more amazing is that in September, Japan's official data showed that Japan**U.S. Treasuriesreached about $20 billion. This shows that in addition to the central bank's sell-off, ordinary institutions and people in Japan are also constantly buyingU.S. Treasuries, the purchase volume may even be as high as $48.5 billion. This situation makes one wonder if the Japanese are more willing to cooperate with the harvest of dollars
However, the JapaneseEconomyRecently, the Bank of Japan will raise interest rates next year. If Japan raises interest rates and the Fed has to cut rates by 100 basis points,Japanese YenIt will rise against the dollar, and then counter the dollar. At this point, Japan's rate hike will be rightJapanese YenA kind of positive support.
WhateverJapanese YenIn the end, whether it will be harvested by the dollar or counter-killed, this oneCurrencyThe results of the battle are about to be revealed. But either way, it will be against JapanEconomyMake a far-reaching impact. Japan needs to continue its efforts to carry out structural reforms and nurture new onesEconomyGrowth drivers to meet the challenges of the future.