In fact, the reason behind the depreciation of the yen is that the changes in monetary policies of major European and American central banks have led to a sharp depreciation of the yen and the impact of the conflict between Russia and Ukraine has led to an increase in international commodity prices, so the yen has been continuously depreciating.

The USD/JPY has weakened for 1 1 day in the past two weeks.

This morning, USD/JPY continued to hit a 20-year high 126.78. Bank of Japan Governor Haruhiko Kuroda? Kuroda said on Monday that the recent trend of the yen? Pretty intense? , may hurt the business plan of the enterprise.

This is a very rapid exchange rate change, but the effect of balancing the decline of the yen is limited at present. ?

Japanese Finance Minister Junichi Suzuki said that the depreciation of the yen has a positive side, but in view of the current economic environment, it also has a strong negative impact.

We are monitoring the foreign exchange market with high vigilance.

By 2022, the exchange rate of Japanese yen against RMB will be as high as 20 yen 1 RMB.

In recent years, the yen exchange rate has gradually declined, and there are two main reasons that affect the exchange rate.

The first point is Japan's domestic economic development, which is also the fundamental factor affecting the foreign exchange rate.

The second point is whether Japan's trade and import and export are balanced.

The balance of import and export is a key factor that directly affects the foreign exchange rate. Therefore, when the above two points change, they will affect the Japanese exchange rate to varying degrees.

So what does this mean for the Japanese economy? As the yen continues to depreciate, Japan will face the pressure of deflation for a long time.

You know, the current coronavirus disease has intensified the demand in Japan.

Therefore, it can be seen that Japanese companies are cautious about raising prices. Many Japanese companies have transferred the full price of raw materials to our consumers.

Therefore, Japanese consumers have to bear increasing pressure of price increase. Commodity prices related to oil and food have risen sharply.

The first point that affects Japan's exchange rate is its own economic development.

In recent years, Japan's domestic economic development has been sluggish.

Up to now, Japan's economic development has stopped for about 30 years.

However, due to Japan's strong domestic scientific and technological foundation and the support of the United States, Japan's foreign exchange rate remained at a high level even though its economic development stopped for about 30 years.

However, in recent years, as other countries in the world, including China, have gradually matured their technologies for precision industry and Internet development, the demand for Japanese technology has gradually decreased, which has led to fluctuations in Japan's domestic economic development in recent years.