Recently, the exchange rate of the yen has depreciated significantly.
The exchange rate of the yen against the US dollar once fell below 136 yen to the US dollar, a new low since october1998.
The sharp depreciation of the yen has brought various uncertainties to the business plans of Japanese enterprises, which is not expected to continue.
He said that he would pay attention to the trend of the foreign exchange market and cooperate with the government to deal with it.
Hirohiko Kuroda, President of the Bank of Japan, admitted that the rapid depreciation of the yen was "very detrimental to the economy". However, influenced by the European and American financial markets, it is expected that the depreciation of the yen may further intensify.
Japanese experts said that this year the United States raised interest rates at an unprecedented rate, and a large number of funds flowing into the international market returned to the United States; However, Japan continued to maintain its ultra loose monetary policy, which led to a large number of dollar buying and yen selling in the foreign exchange market, which was one of the main reasons for the depreciation of the yen.
ffected by the recent depreciation of the yen, Japanese food prices rose sharply. Due to the limited budget, Japanese schools are also struggling to reduce the cost of food.
The nutritionist of Jiangbei primary school in Tokyo said that although the food price was high, the school food cost did not increase. In order to save costs, we can only change the meals to other cheap vegetables, and change the supply of 15 grams of small vegetables per person to 10 grams. At the same time, fish and fruit have been changed to cheaper varieties.
In nanxiangma City, many schools stopped using salad dressing and changed to other hand-made seasonings in the market. Fried chicken with a lot of oil was also changed to stewed food. The Fukushima prefectural school lunch Association predicts that the prices of many foods will continue to rise.
In view of the current exchange rate of the yen, Japanese media said that for many foreigners, Japan is now a "low-cost country", and the prices of toys, mobile phones and other electronic products are attractive. A Mexican living in Japan said that he would buy about 50 hand-made toys a day, and then send them home to sell them to make a lot of money.