What happens to the Yen?

[Viet]

The Japanese currency falls by 20 percent against the dollar since beginning of the year and keep falling.

Japan: Der dramatische Absturz des Yen, ein Omen für den Euro? - WELT

Die einstige Hoffnungswährung Yen hat in diesem Jahr bisher rund 20 Prozent an Wert verloren. Da die Euro-Zone in vieler Hinsicht einen ähnlichen Kurs eingeschlagen hat wie Japan, beobachten die Europäer die Yen-Entwicklung mit Argusaugen.

www.welt.de

 

[beijingwalker]

US keeps raising interest rate, using dollar global domiance to export inflation and recession to other countries.

 

[Menthol]

Japan unwillingly raise its interest rate.

So everyone, including the Japanese themselves put their money to USD.

If US government keeps increasing the interest rate, more people are going to abandon the Yen.

 

[beijingwalker]

US is playing with fire, it will only facilitate dollars downfall as the single dominant global reserve currency.

 

[REhorror]

There's much internal trouble in Japan now, opposition to Abe's state funeral, rising prices, incompetent Kuroda - Bank of Japan's manager.
I expect this situation will only change when Kuroda leaves his post in March, or Kishida gets voted out this October because people don't want to attend Abe's state funeral.

 

[casual]

There's much internal trouble in Japan now, opposition to Abe's state funeral, rising prices, incompetent Kuroda - Bank of Japan's manager.
I expect this situation will only change when Kuroda leaves his post in March, or Kishida gets voted out this October because people don't want to attend Abe's state funeral.

Kishida's party is in trouble because most of them are in bed with some crazy Korean cult. It's also the reason Abe got offed. Even Abe's killer has a higher poll rate then Kishida lol

 

[S10]

Lower yen is beneficial to an export-oriented economy, no? Or has Japan's import been rising lately?

 

[REhorror]

Kishida's party is in trouble because most of them are in bed with some crazy Korean cult. It's also the reason Abe got offed. Even Abe's killer has a higher poll rate then Kishida lol

Kishida was a disappointment, I thought he's gonna clean up Abe's party, that would give him a major boost.
Now he's sinking by the ghost of Abe.

Lower yen is beneficial to an export-oriented economy, no? Or has Japan's import been rising lately?

From the latest stats, Japan's imports are rising due to energy concern and cheaper yen, even their exports can't maintain the balance, so they are under deficit for more than a year already.

 

[beijingwalker]

Lower yen is beneficial to an export-oriented economy, no? Or has Japan's import been rising lately?

JAPAN REGISTERS LARGEST SINGLE-MONTH TRADE DEFICIT​

In August, Japan’s imports outstripped exports by the largest margin on record. Exports rose 49.9% in the year to August as a result of increased oil, coal and liquified gas (LNG) prices, pushing Japan’s accumulated trade deficit to its lowest on record.

USD/JPY: Japan Posts Worst Single-Month Trade Deficit, FX Intervention Issues

Japan posts largest single-month deficit as soaring energy costs and a dwindling yen add to economic woes. G7 commitments provide stumbling block for FX intervention

www.dailyfx.com

 

[casual]

Kishida was a disappointment, I thought he's gonna clean up Abe's party, that would give him a major boost.
Now he's sinking by the ghost of Abe.

From the latest stats, Japan's imports are rising due to energy concern and cheaper yen, even their exports can't maintain the balance, so they are under deficit for more than a year already.

Kishida needed to come down hard on that cult but he didn't do anything. It was only after his poll numbers fell below 35% that he ordered all of his party members to cut ties to the cult. However, he still hasn't done anything to punish that cult.

well, he had his chance. the next PM will for sure not be him

Lower yen is beneficial to an export-oriented economy, no? Or has Japan's import been rising lately?

japan's running a net trade deficit now days. Lower yen's going to hurt

 

[REhorror]

Kishida needed to come down hard on that cult but he didn't do anything. It was only after his poll numbers fell below 35% that he ordered all of his party members to cut ties to the cult. However, he still hasn't done anything to punish that cult.

well, he had his chance. the next PM will for sure not be him


japan's running a net trade deficit now days. Lower yen's going to hurt

I still think Kishida has a chance, as long as he doesn't hold elections, or his ratings don't drop as low as 10% as Suga.
It's very unlikely that he will cancel Abe's state funeral, so his chance to improve the ratings will happen after September..

 

[casual]

I still think Kishida has a chance, as long as he doesn't hold elections, or his ratings don't drop as low as 10% as Suga.
It's very unlikely that he will cancel Abe's state funeral, so his chance to improve the ratings will happen after September..

perhaps if he can turn the economy around. Tho unlikely given the challenges and Kishida's pretty dumb.

 

[Mista]

The Yen has depreciated ~25% against the SGD since last year, I should start planning a trip to Japan when they fully reopen their borders...

 

[REhorror]

perhaps if he can turn the economy around. Tho unlikely given the challenges and Kishida's pretty dumb.

Japan's GDP has been revised to be up 3.5% last quarter, so it's not all bad for him.

Japan's Apr.-Jun. GDP revised up to 3.5% | NHK WORLD-JAPAN News

Japanese officials have revised upward GDP for the second quarter of this year.

www3.nhk.or.jp

The Yen has depreciated ~25% against the SGD since last year, I should start planning a trip to Japan when they fully reopen their borders...

Me too, me too.

 

[Mista]

Me too, me too.

My Dad changed some Yen for his upcoming Japan trip when the Yen dropped from ~80 to ~90 per SGD a few months ago. "Better to change when it's cheap now", he said back then.

The Yen proceeds to depreciate to ~100 per SGD.