Summary:
This book explains the reasons why Japanese Yen has been so weak these days based on the statistic support data. Main reasons are;
- Japanese imports exceeds thier exports due to the overseas expanding of their factories in 2010s. Japan isn’t an exporting country any more.
- Japanese receivables towards foreign tend to invest on overseas repeatedly and rise no demand of Japanese Yen, however Japan is the country with the biggest receivables.
- Service import like Netflix, AWS, GCP has been expanding. This trend would not shink but accerate increasingly.
So this author analyzes this trend of weak Yen would continue for decads.
I totally agree. He put my unverbalize feeling into words. To protect my asset, I decide to transit my fortune to foreign currency much more.
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