Japan's prices are rising continuously because the yen is depreciating. Wages have not changed for nearly 30 years, but the rising prices have brought only miserable suffering to the lives of ordinary Japanese people.
A woman in her 30s near neighbor said: "Every time I go out to buy something with my child, my child will ask her how much the bread she likes has increased? In fact, what makes me embarrassed is not bread, but other daily necessities are constantly rising prices. Daily necessities are not as good as luxury goods, but daily necessities are not allowed to be used, but daily necessities are usually inseparable."
June 13, the yen once fell to around 135.174 yen for 1 US dollar. This is the lowest value for the Japanese yen to US dollar since 1998. The weakness of the yen after 24 years is of course affected by the continuous rise in domestic prices in Japan.
yen depreciation means the price of corresponding imported goods increases, such as energy, gasoline and electricity bills. This has a great impact on the lives of ordinary Japanese people. In addition to the raw materials such as power generation, fuel, plastic products, etc., from crude oil, natural gas, , the production of indispensable semiconductors and other electronic parts such as home appliances and automobiles also mainly relies on imported products. Moreover, many daily necessities in Japan also rely on imports from China and other countries, and the purchase price of the yen depreciates undoubtedly increases (when purchasing with yen). For example, the same 1 million yuan commodity now costs 20 million yen, but a year ago, it might only cost 15 million yen to buy it. The cost price suddenly increased by 5 million yen, and the increase was either paid by the buyer himself or passed on to consumers.
Famous merchants are also "can't stand it"
Clothing giant Uniqlo has also increased its price. In June, Uniqlo announced that some wool products will increase by 1,000 yen. And this part of the product has not increased its price for 28 years. Its president and president Yanai expressed strong concerns about the depreciation of the yen, and he believed that the depreciation of the yen was not beneficial.
yen depreciated, which also had a huge blow to coffee shops, because the coffee consumed in Japan is almost entirely reliant on imports. Data shows that Japanese people drink an average of 11.5 cups of coffee per week. Coffee shops on the street have raised prices. A coffee shop located in Jinbocho, Tokyo has just increased the price of Indonesian from 550 yen to 583 yen. Its president said that due to the depreciation of the yen, the purchase price of coffee has increased a lot. There is no way to raise the price.
catering store is also miserable
Yamaguchi City's owner of an udon noodle store said: "I am still patient until now. Fried food has only increased by 10 yen, but this price increase is far less than the speed of material fees. The purchase price of edible oil has increased by 10 times compared to last year. I just received a notice from the merchant that it will increase from next month. But for every 10 yen increase in udon noodle store, customers will be reduced by about 10%. I dare not raise it either."
boss said that as a noodle store, it is not only cooking oil, but also wheat flour prices have not reached its end. Perhaps after summer, wheat flour will suddenly rise by 20%. Although I have not received a price increase notice, I already have a premonition that it will rise. If the wheat flour price increases by 20%, my store will either close or increase the price as well.
yen depreciation has not only affected businesses, but also has a huge impact on the lives of ordinary Japanese people.
The cost of living in ordinary people has increased significantly
Japan is a country that lives on the wheels. Gasoline prices have almost been rising since this year. Currently, the average price of 1 liter of gasoline is 170 yen, which has risen by about 40 yen compared with the end of last year.
Chen Fei (pseudonym), who has lived in Japan for more than 20 years, is the owner of a trading company. He recently sold the BMW car and replaced it with Tesla . When asked about the reason, he said: "BMW is too oily. If you fill a box of oil, you will be gone if you fill it with about 10,000 yen. Tesla is currently engaged in activities, and it is free to charge with the charging pile set up by Tesla. It is really saved a lot of money."
, and Xiao Ming (pseudonym) is deeply touched by the increase in electricity and gas fees. He said: "In the past year, electricity and gas bills have almost been rising. Anyway, my electricity bill has increased by about 20% compared with the same month last year.It's summer now, and it's not OK to use air conditioners, and the electricity bill for air conditioners is also heartbreaking. "
yen depreciation also restricts Japanese people from traveling to other countries. Many Japanese people say that even if they are not affected by the epidemic, they have no money to travel to Europe, the United States or China. Because wages have not increased, but due to the depreciation of the yen, the prices of air tickets, attractions, hotels, food, transportation, etc. have increased relatively.
yen depreciation trend will continue?
yen chief economist Hiroshi Nagahama, said: "I personally think that the depreciation of the yen has reached its peak. According to market-related personnel, it will stabilize as early as next year. ”
