The prices are getting higher and higher, and the exchange rate is falling, the more cabbage it is... I believe that many friends living in Japan have experienced it recently, and this day is getting harder and harder.
The yen exchange rate has been sluggish recently. This afternoon, the yen fell to 1 dollar against the US dollar and 145 yen, falling back to the level 10 days ago.
On September 22, the exchange rate of the Japanese yen to the US dollar hit a 24-year low, with US$115 yen. So in the afternoon, the Japanese government immediately took action to prevent the yen from depreciating, and implemented the largest foreign exchange intervention in the past 2.8 trillion yen (about 150 billion yuan) to buy the yen and sell the US dollar.
Subsequently, the exchange rate of the Japanese yen against the US dollar once rebounded to 140.78 yen against 1 US dollar.
However, the effect of this operation does not seem to be obvious. Just 10 days later, the Japanese yen exchange rate against the US dollar fell again to 1 US dollar to 145 yen. This year, the yen has depreciated by 26% against the US dollar.
Some market insiders believe that the pressure on the depreciation of the yen is still severe, and even if the Japanese government continues to intervene, the effect of restraining the market will be limited. Some international financial analysts even speculate that the yen may fall to 1 dollar to 200 yen next year.
Japanese Finance Minister Suzuki said today that he will continue to pay close attention to foreign exchange trends and will take necessary measures to deal with excessive exchange rate fluctuations. Therefore, it is very likely that the Japanese government will interfere in the foreign exchange market again.
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3 More than 60% of Japanese small and medium-sized enterprises are insufficient in staff
Japan will fully open foreign entry from the 11th of this month, and at the same time gradually restore domestic economic activities.
However, the recent survey results released by the Japan Business and Industry Conference show that more than 60% of small and medium-sized enterprises in Japan are still facing a shortage of manpower.
This survey was conducted for about 6,000 small and medium-sized enterprises, with a total of 2,880 enterprises participating. Among the companies participating in the answers, 64.9% of small and medium-sized enterprises said that they are currently in short supply, which is second only to the highest value at the beginning of the survey in 2016, which is 66.4% of the survey in the same period in 2019.
Among the understaffed enterprises, the construction industry has the most shortage, accounting for 77.6% of the total, followed by the transportation industry, accounting for 76.6%, and then the catering and hotel industry, accounting for 73.9%.
In addition, among the companies that recruited fresh graduates last year, 45.6% of the companies recruited the scheduled number, 34.6% of the companies did not recruit enough people, and 19.9% of the companies did not recruit any of them.
Dashita Yinghe, Minister of Industrial Policy of the Japan Commercial and Industrial Conference, said: "Due to factors such as rising raw material prices, corporate profit margins have been squeezed, and small and medium-sized enterprises do not have enough spare time to increase their wages to maintain the current scale of employed workers and ensure that they recruit enough people."
