The yen has continued to be weak since this year, and the exchange rate of RMB fluctuates and downgrades as the main tone, and hits a new low in many years. Therefore, it has attracted countless attention and heated discussions. Behind the depreciation of Japan, the sluggish sentiment of the Japanese market continues to spread, which has caused a big blow to Japanese companies' livelihood. macroeconomic performance is not satisfactory, and the epidemic has had a serious impact on all walks of life, so ordinary Japanese people have not had a good life, and all this is expected. Of course, for the RMB that everyone is most familiar with, the overall operation of this year has become stable, and the recent depreciation of the US dollar is only in the short term, and this depreciation is passive.
In addition, according to the latest yen exchange rate, the RMB exchange rate is 20.5579, and the Japanese yen exchange rate is 0.0486, which is significantly depreciated compared with the same period last year and has a large reduction. The amount of 100,000 yen to RMB has decreased significantly. Since at the current foreign exchange rate, 100,000 yen is approximately equivalent to 48,640 yuan, which is obviously less than 49,000 yuan. During the same period last year, 1 million yen can be converted into 58,000 yuan. Therefore, in just one year, the depreciation of the yen was relatively large and continued the weak trend, but the RMB maintained steady operation, so the exchange rates of the two currencies showed a "one decrease and one increase", and the foreign exchange rate trend was relatively prominent.
Of course, the yen exchange rate has continued to fall since this year, especially after entering mid-June, the yen hit a historic low. The unilateral decline of made the Japanese government worried, but it was a little overwhelmed. Because Federal Reserve is increasingly aggressive in tightening monetary policy, the Bank of Japan insists on a monetary easing position, which is opposite to the US monetary policy . Moreover, Japan is a country that is highly dependent on exports. Therefore, under a variety of unfavorable factors, many investors have purchased US bonds with higher returns, pushing the yen to start a diving mode, and the depreciation trend cannot stop.
At present, yen has continued to decline recently. As of September 7, the yen broke through the 144 yen mark for 1 US dollar, hitting a 24-year low since the financial crisis in August 1998. Some analysts said that the main reason for the continued depreciation of the yen is the difference in financial policies between the United States and Japan. In order to curb inflation, the United States has tightened its 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 spread between the two countries is expanding, and it is reasonable to depreciate the yen.
Furthermore, U.S. inflation exceeds expectations and also hit the yen hard, causing the yen to weaken as bad news in the economy. This is completely different from the market conditions in previous years, so the overall performance is relatively severe. It is expected that the weak yen will not change significantly in the short term, and even the exchange rate may continue to decline in the later period.
To sum up, facing the exchange rate of RMB to Japanese yen 20.5579, it seems that RMB to be appreciated a lot, but in fact it is caused by the unilateral decline of the Japanese yen. Due to the continuous depreciation of the Japanese yen, the amount of RMB to RMB 1 million has decreased significantly, which is in sharp contrast to the same period last year. Against the backdrop of many unfavorable factors, it is inevitable that the yen will continue to depreciate will bring a huge blow to Japanese companies and people's livelihood. In addition, this is also inevitable in a special period of global economic downturn, and the yen has become one of the currencies with the largest depreciation in the world.
