videopokerprogressive| Why did Japan's prices suddenly soar? A cabbage costs 100 yuan! Japanese people seek discounted goods to reduce spending

editor2024-04-30 12:20:2455

The near futureVideopokerprogressiveThe depreciation of the Japanese yen and the rise in domestic prices in Japan have become hot issues. Japanese residents feel the price of daily consumer goodsVideopokerprogressiveThe price of a piece of cabbage is as high as 100 yuan. On April 29, the yen fell to Y160 against the dollar, a 34-year low, but then rebounded.

The weakness of the yen has had an impact on Japan's catering industry and consumers' daily lives, prompting people to buy discounted goods to reduce spending. Market analysts believe that the short-term recovery of the yen may be related to the market operation of Japan's Ministry of Finance. Bank of America's Shusuke Yamada pointed out that in order to prevent further depreciation of the yen, Japanese authorities may need to continue to intervene in the foreign exchange market.

JPMorgan's Benjamin Shatil believes that even if the Japanese authorities intervene, the effect may be limited because investors are likely to continue to take advantage of low Japanese interest rates to carry trades. The macro team of Citic Construction Investment (601066) pointed out in its research report that the sharp decline in the yen is mainly due to the widening spread between the United States and Japan, which affects asset pricing in yen and may increase the attractiveness of Hong Kong stocks and A-share assets.

Huatai Securities (601688) analysis believes that the devaluation of the yen will increase the level of inflation in Japan, but the recent accelerated depreciation of the yen has not brought capital inflows, and the profit expectation of the stock market and the positive promotion of capital inflows are no longer obvious. If the yen continues to depreciate, the Bank of Japan may intervene in foreign exchange, which could increase the risk of upward interest rates on U.S. Treasuries.

videopokerprogressive| Why did Japan's prices suddenly soar? A cabbage costs 100 yuan! Japanese people seek discounted goods to reduce spending

On the whole, the depreciation of the yen and rising prices not only affect Japan's domestic economy, but may also have a knock-on effect on the global market. Investors and policymakers around the world are keeping a close eye on the yen and its potential impact on the economy.