Our currency JPY is getting cheaper against "any" other currencies. It is not a matter of interest rate any longer. But it is a result of confidence loss for BOJ and its currency. The market won't believe in either for now.
It is a tough way to recover from that. This may lead to further inflation here. It is not possible for the ordinary people to hedge it. Our government is subsidying to the export business to support their business for more profits. It's a ridiculous decision. They won't do anything for the inflation and lost confidence in JPY. Market intervention has proved to be useless from the dollar-selling intervention BOJ executed a few weeks ago. They should do with monetary financing and with the accumulated debt of the government. It is a hard thing for politicians to do that. But they should.
We, retirees, should get through hard time for the coming years. I guess living at own house and getting foods by ourselves are crucial for our lives. I would do it as much as I can. My wife, a psychiatrist, has decided to retire maybe next spring. But she would delay it until the situation is settled down. How long do they force this old lady go on working?
This big mess in the world and most seriously in our country may be due to the quantitative easing world wide. The greedy capitalism has caused it. Abundant money, seeking new victims of investment, would repeat economical bubble and later ruptured bubble. Series of havocs may make the world unstable and not sustainable. In this age of anthropogenesis, we may need the other system than the old fashioned capitalism to achieve stable, let alone, peaceful world.
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