It seems that if it doesn't depreciate, it's not the yen. In the early morning of October 15, the yen depreciated rapidly in the foreign exchange market in New York, the United States. It once fell to the level of about 148.860 yen for 1 US dollar.

yen so popular?

yen has depreciated by nearly 34 yen this year compared with the US dollar (about 1 USD = 115 yen on January 1). The fundamental reason is that while the central bank in most countries around the world is constantly raising interest rates and resisting inflation , the Bank of Japan stubbornly implements loose monetary policy , maintaining the 0 interest rate unchanged. Especially as the Federal Reserve's increase in interest rate hikes, the differences in the monetary policies of the United States and Japan are becoming increasingly greater, and there is no "north principle" if the yen does not depreciate.

Of course, although the Bank of Japan allows the depreciation of the yen, the Japanese Ministry of Finance must not ignore it. When the US dollar/Japanese yen hit around 145.90 yen on September 22, the Ministry of Finance intervened in the yen exchange rate, which once brought the yen back to around 140.3. However, since this intervention was not synchronized with the United States, it was just the Japanese Ministry of Finance who worked alone, and the effect was only a few days ago, and the yen began to depreciate again. After

, the foreign exchange market once believed that 1 US dollar = 145 yen was the upper limit set by Minister of Finance Suzuki Shunichi , so the US dollar yen has been hovering below 145 for half a month. Who knows how many tests the speculators have confirmed that the Japanese Ministry of Finance will not intervene again for the time being, the yen started the acceleration track, and continued to depreciate by a depreciation of 1 yen in a day.

By the 13th-14th, Bank of Japan Governor Kuroda Haruhiko said that he would insist on the loose policy unchanged. In addition, the US Consumer Price Index (CPI) published on the 13th increased by 68.2% year-on-year, exceeding market expectations. This CPI has always been the "barometer" of the Federal Reserve's interest rate hike in , adding fuel to the depreciation of the yen.

After the CPI data was published, the US dollar yen broke through the 148 yen mark. In just a few hours, it reached the lowest value of the day around 148.860. " Nihon Keizai Shimbun " published an article saying that the depreciation of the yen returned to its level before the bursting of the bubble economy, which is undoubtedly a symbol of the weak results of the Japanese economy.

Will the Japanese government interfere with the yen exchange rate again?

The answer is: possible. There is a saying in the market now that when the US dollar yen depreciates by 2-3 yen within a day, the Japanese Ministry of Finance will take action. From this point of view, if the yen depreciates by about 1.9 yen every day, it would be fine if it depreciates every day? There is another saying that when the US dollar or yen hits or breaks through the 150 mark, the Japanese government has to intervene again.

However, due to the extremely limited effect of the last intervention, without European and American countries, especially the United States, the intervention effect will not last long if the intervention is coordinated at the same time. To make the yen turn around and enter the upward track, some analysts believe that there may be three methods:

, one is that the Bank of Japan needs to correct its current financial policies;

, two is that the Bank of Japan Governor Haruhiko Kuroda retires, and the policies implemented by the person who succeeds are different from those of Haruhiko Kuroda;

, three is that the world suddenly has a financial crisis like in 2008, etc.

yen depreciated, making foreign tourists overjoyed.

For example, a year ago, it took 60,000 yuan to buy a product worth 1 million yen in Japan, but now it only costs 49,000 yuan. It is equivalent to about 20% discount.

This lady who traveled to Japan from Hong Kong, China, purchased more than 1 million yen on the same day. Ask her what she bought? She replied that it was watches and other branded products.

A clerk at a shop in Akihabara, Tokyo said that now foreign tourists buy 50,000 yen or 100,000 yen products at once, and even buy 900,000 yen game products. This is probably because the yen is not worth it.

However, although the yen has depreciated significantly, converting domestic products from Japan into RMB or US dollars is very cost-effective, but the current high air tickets make many people think that the time to buy goods in Japan is not yet ripe.

Liu Mei (pseudonym), who holds a 5-year round-trip visa, said that since Japan has restored the legal effect of multiple round-trip visas, she can travel to Japan, but the air tickets from Shanghai to Tokyo are currently up to more than 10,000 yuan. She said: "Wait a little longer. In addition, the epidemic is not over yet, and it is also very troublesome to travel abroad."