Japan’s real wages have been on a downward trend for 24 consecutive months, indicating a significant financial challenge for its citizens. The country is facing a severe economic headwind, possibly leading to a currency implosion. Addressing this crisis may require a massive intervention.
Japan's real (adjusted for inflation) wages declined by 2.5% in March despite rising nominal earnings
Japan's real wages have been falling for 24 months STRAIGHT
Japanese people have been clearly robbed of their hard-earned money for the past 2 years pic.twitter.com/sctvhlpyV1
— Global Markets Investor (@GlobalMktObserv) May 9, 2024
JAPAN 🇯🇵 faces a category 7 headwind .
Large ascending triangle breach backtest resumption in progress.
Gunna need a 1 to 2 trillion USD bazooka to stop whats coming .
Can they afford it ?
NO !!!
Solution ?
Raise rates and let market forces dictate its natural… pic.twitter.com/i6fE1OZ858
— The Great Martis (@great_martis) May 9, 2024
Yen’s Fragility Raises Specter of a New Currency War in Asia
(Bloomberg) — As the yen plumbs new lows, some investors are pondering an almost unthinkable scenario in a region busy bolstering falling exchange rates — a series of competitive devaluations that starts a new Asian currency war.
Suspected intervention to drag the yen off a 34-year low against the dollar is already seen as unlikely to have a lasting effect if Japan continues alone, raising the prospect of another bout of weakness in the beleaguered currency. That could push competitive tensions with exporting neighbors South Korea and Taiwan to a peak — and heap pressure on China where chatter is already growing about the potential for a yuan devaluation.