On the one hand, Japan's nuclear sewage has just been discharged for the fifth round,
On the other hand, Chinese tourists pour into Japanese crazy seafood;
On one side is the great flash crash of the yen in the century,
It fell back 34 years ago overnight,
On the other hand, Chinese tourists crowd Japanese luxury stores.
01
The May Day holiday just passed,
Chinese tourists once again took Japan It's crowded 。
According to statistics, in just 5 days,
More than 65000 Chinese tourists went to Japan,
This is 112% more than the May Day holiday last year.
On average, 13000 Chinese go to Japan every day,
From watches and luxury bags to affordable cosmetics, seawater and pearls,
They were all bought and sold by the Chinese,
The seafood buffet is about 550 yuan per person,
One quarter of the customers are Chinese,
Some even went to Japan with large boxes of cash to buy houses and land.
02
Why are they so crazy?
It is mainly because the yen has fallen too badly.
Just before May Day,
Yen/USD exchange rate Century slump ，
On April 29, it once fell below 160 yen to 1 dollar,
Hit a 34 year low,
The RMB also hit a new 31 year high against the yen,
In 2020, 1 yuan can be exchanged for 14 yen,
Now I can exchange nearly 22 yen,
In other words, going to Japan for consumption is equivalent to a 60% or 70% discount.
Take the LV bag that is the favorite of the middle class,
More than 20000 yuan in China,
In Japan, it is equivalent to RMB 167.
So many Chinese people are excited,
A small day is no waste.
03
However, have Chinese people really taken advantage of consumption in Japan?
You think everyone is harvesting Japan,
It actually contributed to Japan's GDP,
From January to March this year,
Global tourists have spent 1700 billion yen in Japan,
About 81.9 billion yuan,
Refresh the single quarter history.
The per capita consumption of domestic tourism during the May Day holiday is 566 yuan,
The per capita consumption of Chinese tourists in Japan is up to 300000 yen,
About 14000 yuan,
When the domestic accommodation and catering industry Complain incessantly When,
Japanese merchants have Count your money till your hand cramps ，
But this is just the appearance.
04
in fact,
Behind the devaluation of the yen,
It's the first time that the United States Big harvest 。
Since the beginning of this year, the US dollar has strengthened all the way,
The currencies of many countries have fallen sharply against the US dollar,
The Korean dollar depreciated by 5%, the Australian dollar by 4%, and the Japanese yen by more than 8%,
According to the International Monetary Fund,
If the exchange rate of the US dollar appreciates by 10%,
One year later, the GDP of emerging market countries will be reduced by 1.9%,
The negative impact on the economy will last more than two years.
05
More Than This,
Just last month, the United States, which had been crying for interest rate cuts, suddenly turned back,
He said that he would continue to maintain the high interest rate of the US dollar,
As a result, a large number of international investors began to sell low interest rate currencies,
Overstocking US dollar assets,
A monetary war without gunpowder started.
Soon all countries could not sit still,
South Korea, Thailand, Indonesia, the Philippines, Poland and Brazil have taken steps to stabilize their exchange rates,
The weirdest one is Japan,
The yen depreciated by 50% in three years,
It fell back 34 years ago overnight,
But the Japanese government turn a blind eye to ，
It did not intervene until the yen fell below 160 against the dollar.
06
Why on earth is this?
On the one hand, the acquiescence of the United States,
The yen is closely linked to the dollar,
The appreciation of the yen,
The dollar will depreciate relatively,
So we deliberately maintained the undervalued status of the yen,
To some extent, it is paving the way for the future depreciation and interest rate reduction of the US dollar.
what's more,
Japan has benefited from the depreciation of the yen,
It's not just tourism,
The devaluation of the yen also made Japanese enterprises make a lot of money.
for instance,
Suppose a Toyota car sells for 30000 dollars in the United States,
At the average exchange rate in 2019,
Toyota can get 3.27 million yen,
At the current exchange rate,
Toyota can get 4.65 million yen.
07
of course,
The coin has another side,
As the yen depreciates,
Import costs soared,
Japan's domestic prices are also soaring,
For example, the cost of beef imports increased by 40%,
The cost of ramen rose from more than 30 yuan to more than 90 yuan,
The bitter fruit of rising prices,
They were finally swallowed by Japanese people.
08
Of course, the most tragic thing is the Chinese tourists,
I expected to buy wool in Japan,
I found out when I went there,
Meals, transportation and accommodation are expensive,
Not to mention that,
Japanese experts suggest that businesses should charge higher prices for tourists,
The best clocking point at the foot of Fuji Mountain should also be fenced,
Prevent people from taking photos,
While sending GDP to Japan,
While being regarded as a tourist nuisance by Japan,
What exactly do Chinese tourists want?
Chinese tourists,
Don't be spoiled by Japan!
