BTW, they have a plunging population and no immigration. Most are old.
Japan has its problems just as the US, China, Europe, and other large nations do but they remain a very wealthy nation.
How could their currency drop against the dollar when we are printing money like there is no tomorrow????
Japan has no inflation. The USA has out of control inflation.
That means we need to raise interest rates, which will strengthen the dollar vs the yen.
If the fed wants to tackle inflation there are no alternatives to this scenario.
“I remember in the mid-80’s when most thought the Japanese would own the world.”
Japan was ginning up fiat currency and leveraging it to buy up all sorts of things. And then the whole house of cards fell flat.
Sort of like what the dollar is doing right now.
Israel Dumps The Dollar For China’s Renminbi
https://quoththeraven.substack.com/p/king-dollars-demise-israel-dumps?s=r
Hmm...
Demographics is destiny.
I remember some car movie with Japanese guys and Michael Keaton…
Japan needs to get past its virus-paranoia and re-open to tourists, as that will bring in big amounts of money and the country is very cheap right now for visitors.
Why don’t they just print more yen?
Despite the plunging population, they can’t feed themselves with only 11 to 12 % of Japan being arable land.