1, every time the yen appreciates, it will bring some short-term benefits to the Japanese economy in different degrees. Through the relative changes of commodity prices at home and abroad, it will promote the national industry to stand on its own feet as soon as possible and force it to improve its competitiveness and labor productivity.
2. Save a lot of foreign exchange in importing raw materials and oil; Those export enterprises or interest groups that are protected by low exchange rate and have low efficiency are impacted, which is conducive to the optimization of social resource allocation and the adjustment of economic structure.
3. The rising exchange rate has greatly increased the wealth of the Japanese proletariat; Promote capital export and internationalization of the yen; Bring value-added benefits to the yen's foreign lending; Reduce the burden of repaying loans.
Second, the disadvantages of the appreciation of the yen to Japan:
1. In the international currency import link, although currency appreciation will attract some hot money, the main purpose of hot money is to earn the difference, which will eventually flow out of the country, and will also drive more money out of the country, thus making domestic currency more scarce.
2. The response of foreign long-term funds to currency appreciation. Currency appreciation forces most products to be sold cheaply, which directly leads to bankruptcy of enterprises, suspension of production, shutdown of workers and reduction of consumption index. The deterioration of the investment environment will eventually force long-term investment to shift its position.
3. In the international import of goods, currency appreciation will reduce the amount of currency obtained by the counterparty, which will make the counterparty choose to reduce the transaction volume or cancel the transaction and find another buyer, thus reducing social employment opportunities, national wealth and total foreign trade, causing economic recession and damaging the development of individuals, countries and the world.
Extended data:
Currency appreciation is reflected in:
(1) export is restricted. When one country's currency appreciates, relatively speaking, when other countries' currencies depreciate, export profits will decrease. In this case, exporters may reduce their exports to some extent.
(2) A certain amount of foreign exchange "goes up in smoke". When one country's currency appreciates, other countries' currencies depreciate. In this way, the foreign exchange earned before is not so valuable. For example, the previous US dollar was: US$ 65,438 +0 =8 yuan RMB; If $65,438 +0 =6 yuan RMB, the 800 billion RMB earned before will become 600 billion RMB.
Even though the amount of money is still 800 billion, its value has declined. In this way, out of every 800 billion RMB, 200 billion RMB will "vanish" and "disappear out of thin air".
If it is "currency devaluation", the performance is the opposite. In fact, currency appreciation or depreciation is usually not a good thing. As mentioned above, a large change in the currency exchange rate (the extent of currency appreciation or depreciation) may cause a certain degree of "chaos" to the macro economy. Therefore, under normal circumstances, most countries try to keep their currency exchange rates stable.
Baidu encyclopedia-currency appreciation