Forex Rapid RebateForex Rapid Rebate

Foreign exchange major trading currency introduction of the yen

Today, we talk about the rebateforex We have talked about the U.S. dollar Forex Rapid Rebate the euro rebateforexbroker previous articles, according to the third largest trading volume currency in foreign cashback forex transactions when the yen, in 2016 the Bank for International Settlements TriennialCentralBankSurvey, the yens share of over-the-counter foreign exchange transactions ranked third, after the U.S. dollar and the euro , 21.6%; while in all currency pairs traded, USD/IPYs daily trading volume ranked 2nd, $901 billion, with a share of 17.8% Chat about the yen, we talk from five angles: rebateforexfee economy, Japans monetary policy, Japans exchange rate policy, the current status of the yens foreign exchange transactions, yen arbitrage, and Japans foreign exchange market character ForexRapidRebatetics [Japans economy] post-war Japan Economy can be roughly divided into three stages: (1) the mid-1950s to the late 1980s this stage of Japans economy in the post-war recovery and rapid development, according to statistics, between 1955 and 1961, Japans manufacturing labor productivity increased by 61%, to the late 1970s, Japans gross domestic product (GDP) has been equivalent to the sum of Britain and France, becoming second only to the United States In the 1980s, Japan overcame stagflation and the yen crisis to achieve a moderate level of sustained growth, with GDP per capita exceeding $30,000 (2) The period from the late 1980s to the early 1990s is what we often refer to as Japans bubble decade. Japans export share gradually declined, at the same time, Japans domestic speculative frenzy rose, there are a lot of stock market myths and land myths, the main reasons: the rapid appreciation of the yen, macro policy misconduct, blind expansion of enterprises, social flair consumption, etc. (3) the early 1990s to the present this phase can be said to be Japans transition phase, Japans economy is in a downturn, although the Japanese government is also aware of the need to Although the Japanese government is aware of the need to reform the system to catch up with the times, it is difficult for the Japanese government to make such a change due to the rigidity of the inherent system, which has led to a lack of motivation and vitality in the Japanese economy and society. Stock market and bilateral exchange rates have a close linkage characteristics generally when the U.S. stock market decline, the Japanese stock market will also follow the decline, while the yen / dollar will rise, the U.S. stock market and the yen index is negatively correlated changes, for example, July 24, 2007 to 31, the Dow Jones Index fell 847 (7%) points in a week, the Nikkei index fell 1133 (6.4%) points, at the same time The yen/dollar exchange rate (20~31 days) rose from 122.17 to 112.93 (8% appreciation) This pattern is not absolute, but in recent years basically shows such a trend, but there are exceptions [Japans monetary policy] Japans monetary policy since the 1990s has been an accommodative monetary policy In the 1990s, Japans central bank (Bank of Japan, or the Bank of Japan Bank of Japan), in response to the impact of the bursting of the asset price bubble on the real economy, successively cut interest rates sharply to zero, still unable to contain the recession and deflation On March 19, 2001, the Bank of Japan began to implement quantitative easing monetary policy, which was the first attempt for this policy in the world economic history In 2005, Japans economy improved, and the Bank of Japan announced the withdrawal of quantitative easing on March 9, 2006 Monetary policy In October 2010, affected by the global financial crisis, the Bank of Japan began to implement a broad-based easing policy (CME), purchasing a wide range of various financial assets, including government bonds, credit products, equity financial products and real estate investment trusts On April 4, 2013, the Bank of Japan Governor Haruhiko Kuroda launched a quantitative and qualitative easing monetary policy (QQE), in the Federal Reserve is likely to exit quantitative easing, increased quantitative easing, increased the share of long-term bond purchases in 2016, the Bank of Japan even offered negative interest rates to boost the economy However, the QQE + negative interest rates super easing policy has failed to promote inflation to accelerate towards the 2% target [Japans exchange rate policy] due to Japans economic and national environment, the dependence on foreign exports is relatively large at the same time foreign investment is also relatively large so that Most of the time, Japan is taking measures to stop the appreciation of the yen Japanese banks in the foreign exchange market has been a poor reputation, known as the watchdog of Japanese companies, the most common situation is that before the end of each year, the Bank of Japan will depress the yen exchange rate, so that overseas companies repatriate profits when converted into yen appears more, the following March, in pushing up the yen exchange rate, the firm yen is conducive to corporate investment abroad

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