CNA Explains: Why is the yen so weak?
The Japanese yen fell to a 24-year low against the US dollar this week and is expected to weaken further. While other central banks have moved benchmark interest rates higher, Japan's have remained low. Why isn't Japan raising interest rates to shore up its currency?
CNA's Roland Lim explains.
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Пікірлер: 69
one year later,reviewing this video is even more interesting
A lot of large global Japanese corporations are making history record profit due to low JPY. 33% up. It means the Japanese government are gaining record high corporate taxes from them. Small to mid import businesses are hurting but from the government perspective their loss is not critically impacting because it’s covered by profits/taxes made by those large players. Raising interest rate to “strengthen JPY” discussion has no point. What the Japanese government needs to do is to support and redistribute gained taxes to those small mid size businesses impacted by low JPY.
@animedrill
Жыл бұрын
My god I wanna read market like this
@0xdeadbeef131
3 ай бұрын
“Redistribute” Are we supposed to thank the government when they do? So dumb
more attractive japanese exports is a good thing for japan..situation is volatile at the moment, an over reaction by central bank would effect an already slow local economy.
It is great for export-driven economy like Japan.... They did it artificially and massively back in 1970s and 1980s to boost their economy... that was the time when Japanese tourists were flocking Hawaii and major US cities in droves (kinda like Chinese tourists before pandemic). THat was also the time when The Japanese was the top investors in Asia and America.
In order for a country to be considered to be doing well, it only has to 2 things : 1. Trade Surplus / Positive Balance of Trade 2. Positive Net International Investment Position.
Japan is no more for foreign worker 😢😢😢
Des Chan will show up here and tell us this is somehow our govt’s fault
@asiaone9609
Жыл бұрын
Des Chan is smart actually
In the past, a strong yen had caused economic stagnation for decades. Let's see if a weaker yen will help.
@perlasandoval7883
Жыл бұрын
the race to the bottom again?
@helixcrash2320
11 ай бұрын
its not helping the residents here regarding food stocks.
I hope the government knows what it's doing
Because of that many of the foreign worker discide to go back to their own country or applying to other countries
Look from other side, why other currency so strong?
Euryen Will be 150 soon ?
0:19 missed opportunity for wh¥
Low Yen is a strategy Japan choose. From past record, I trust Japanese Government knows what they are doing.
@chriswaters3442
Жыл бұрын
It is among the stupidest governments in the world.
If only they open their country for tourist.
@jjsamuelgunn1136
Жыл бұрын
They are doing that now.
@colonia04
Жыл бұрын
They will open it now completely in October 11
The US being weak it’s making Japan weak
ok
Sure, I have no plans of investing my Filipino Peso to Yen anyway
Japan is deteriorating further.
@nikosbalakos6525
Жыл бұрын
This is what I'm wondering... with their debt, they can't raise rates to defend the yen... looks like they're trapped.
Just help increased the value of ringgit then other high value currencies country could be increased too. Help ringgit become Rm 1 = 2 usd then others could be happier.
Yen is low because they are helping USD Why the news make it so complicated
みんな!円安だから日本に遊びに来てよ!
@kap0no22
Жыл бұрын
来ますよう〜
G of Japan aims to boost export by downgrading Yen value. This is normal. YEN Daka is not good for export.
@operas2585
5 ай бұрын
Yen Daka😂 from green Japanese flag.🇧🇩
Roland has moved to Sg!
Japan depend on selling tourism and exporting goods out to the world to survive unlike Singapore who attract investments in. In the past when technology,skills and talents wasn't that widespread people have no choice but to buy from that few handful of countries and they can charge a hefty price for their assets thus their currency strength is strong. Nowadays no countries have that edge and people have a much bigger choice. Also you drop your currency strength you sell your goods easier and attract more tourists to enter your country. Singapore can't do that. Singapore have to do the reverse instead by keeping the currency strong all the time. You adjust and weaken the currency strength your investors will run away from Singapore very quickly. Singapore three most important things to defend are her currency strength,societal stability and law integrity. These three draw in everyone and keep most in check. If these three went awry Singapore will be in trouble.
@joshuacorden4295
Жыл бұрын
What does Singapore actually do
Thanks Americans
The best students were sent to study capitalist economy in the best universities in America. Something amiss.
HUH
Yen weak for same reason all currency is weak against the dollar...US is destroying supply while all others are not
As long as Japan accepts American slavery, the situation in the Japanese yen will only worsen.
@terminatorfluffywooo
Жыл бұрын
Singapore belongs to China
100 yen is lower than 1SGD now
Something everyone knows.
💴 biz hub, tax haven for West. gateway for West to East.
Good to buy Japanese products @ cheaper price.
This should worry Asia's stability. Because when Japan declines rapidly, they will be even more submissive to the US; thus, creating an opportunity for the US to convert Japan into 2nd Ukraine in Asia (against China). Imagine the US suggested billions of aids for Japan in exchange for hosting some nukes on Japan's territory...
@harukrentz435
Жыл бұрын
Japan isnt that dvmb, Taiwan on the other hand though....
@desmond89
Жыл бұрын
Nah nobody will be against China unless they are willing and feel threatened by China Korea and Japan and Taiwan have a mind of thier own, they aren’t dumb or ruled by dictators They will do what they feel will be a counter if there is a possible threat of Chinese expansion especially in the South China Sea and towards the asean countries
@rvtoyeri2975
Жыл бұрын
Dont worry South korea Hong kong Macau Taiwan Singapore still exist
国債発行額が膨れ上がりすぎて、中央銀行が機動的な金融政策を取れなくなっている。 衰退著しい日本よりも、発展著しい東南アジアや中国に投資するのは、自然な流れだ。
@user-im7tp2os9g
Жыл бұрын
間抜けな主張で草
Why? Because Washington says so.
japanese gdp nominal is only one fourth of china one fifth of us.
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the prices of products in japan skyrockets for about 30% this is due to the weakened of YEN.
Maybe Japan should open up instead of closing off to the world
@gothakane
Жыл бұрын
You got your wish
@cheapyx5582
Жыл бұрын
@@gothakane yeah and it took almost three years. But I can wait to see my gf again and make sweet sweet love
dead currency