As a "big economy power" and a "small resource power", Japan's economy has always been their top priority. However, recently, Japan's Tokyo News said: "We must face up to the failure of Japan's economic war." This can be said to have a heavy blow to the Japanese economic optimists, so that they will no longer be addicted to the false "bubble economy" and be happy. What will the failure of Japan's economic war lead to the Japanese economy going?
In the 1980s and 1990s, Japanese bubble economy was highlighted. Global inflation led to stock rampant, the signing of square agreement generated excess liquidity, increased asset value to obtain profits, etc., which made Japan's bubble economy reach its peak, and this impact has continued to this day.
So far, Japan's economic growth rate has declined, inflation has been severely depreciated, and the yen has depreciated severely. This result is inseparable from the Ukrainian Russian War, the Federal Reserve's interest rate hikes , and the COVID-19 pandemic. We see that when Russia and Ukraine fight, Japan first declared "defeated"? What logic is there?
First of all, as a country with scarce resources, Japan's import of resources has become a must-have path for the country. In the Ukrainian-Russian war situation, the prices of energy resources and food resources soared, and the cost of Japan's import of resources has increased significantly, and the cost has increased.
Secondly, Fed 's continuous hikes . So far, the United States has conducted five interest rate hikes, and through interest rate hikes, the United States has transferred its own difficulties to other countries, and even the whole world. The Fed's interest rate hike has undoubtedly further hit the yen, causing the yen to further depreciate.
Finally, the new crown epidemic spread around the world, and the mobility of personnel and materials became worse. In even serious cases, it caused depression and paralysis of people's livelihood departments such as health, postal, and public transportation. As a country dominated by processing trade, Japan has a huge blow to the Japanese economy. The revenue from tourism and catering has dropped rapidly, and the economic and industrial chains have been interrupted.
Faced with such a situation, Japan wants to solve its own economic problems and seek help from the United States, and the United States is undeniable. The United States is eager to harvest the world, including Japan, of course. Japan followed the United States to sanction Russia, which made Russia retaliate against Japan and made energy issues worse.
Actually, according to common sense, China is Japan's "life-saving straw".
As the global COVID-19 pandemic spread, China's economy has always been able to maintain stable growth. There are also good precedents for economic cooperation between China and Japan. Since 2007, China has become Japan's largest trading partner for 15 consecutive years. Japan and China also have the following advantages in cooperation:
First of all, the geographical location is close and has strong economic complementarity. China has a large land, abundant resources, while Japan has scarce resources and relies on imports. The near geographical location has reduced costs; secondly, China has a huge population, strong demand, and broad market prospects. Finally, there are high-level free trade agreement representatives. Whether it is the Regional Comprehensive Economic Partnership Agreement or the Shanghai Economic Cooperation Organization, they play an important role in the trade between the two countries and promote the economic development of the two countries.
But now there is another problem, that is, Japan follows the United States' "Asia-Pacific policy" and stands on the opposite side of China. Japan has taken the Americans' words and lost the life-saving straw. Now it can only bear it for itself. (May 1)
