In recent days, the movement of the yen has attracted widespread attention, and people are beginning to speculate where the limit of yen depreciation lies.
Many Japanese feel helpless about this, seemingly resigned to silently wait for an inevitable fate.
However, some significant changes are happening within Japan recently, albeit largely unnoticed.
These changes might bring about significant shockwaves for the United States.
Firstly, Japan has experienced a series of significant events recently, some of which have caused concern for the United States.
Following a warning from U.S. Treasury Secretary Janet Yellen, the yen exchange rate began to exhibit unusual fluctuations.
Market rumors suggest that the Bank of Japan intervened in the yen exchange rate multiple times starting from April 29th, using around 9 trillion yen, leading to several fluctuations in the yen exchange rate over a few days, triggering various speculations in the market.
On the other hand, the Japanese Ministry of Finance suddenly announced a shocking piece of news, stating that Japan is nearing the brink of bankruptcy.
According to data released by the Ministry of Finance, as of the end of the fiscal year 2023, Japan's national debt amounted to a staggering 129.71 trillion yen, increasing by 2.67 trillion yen compared to the previous year.
This figure is quite alarming, especially considering Japan's GDP is only 591 trillion yen.
The national debt has reached 2.5 times the GDP, resulting in an average debt of 10.25 million yen per Japanese citizen.
Furthermore, renowned Japanese economist Chikamori Akira openly accused the United States of ruthless exploitation of Japan.
He pointed out that American capitalists fabricated lies about the Japanese economic situation as an excuse to bottom fish Japanese stocks and real estate.
Chikamori believes that the influx of American capitalists into the Japanese market is not because the Japanese economy is performing well, but because the Japanese economic situation is deteriorating, leading to the depreciation of the yen, which in turn attracts their investments.
Moreover, on May 10th, the Japanese Senate passed the "Defense Ministry Establishment Law Amendment," approving the establishment of a permanent institution, the "Integrated Joint Staff Headquarters," which will command the ground, maritime, and air self-defense forces.
While some believe this move further aligns Japan with the United States' military, it is actually an independently established operational institution by Japan, not under U.S. orders.
From these events, can we deduce that Japan's series of actions pose a challenge to the United States?
Despite U.S. warnings, Japan continues to intervene in the yen exchange rate; disclosing the truth about Japan's financial situation has exacerbated concerns;
prominent figures openly oppose American exploitation; strengthening military power—do these actions imply that Japan is taking steps to resist U.S. oppression?
The relentless exploitation by the United States has become unbearable for the Japanese, and they seem unwilling to endure further exploitation by the United States.
This relentless exploitation has made the United States extremely uncomfortable, with some even believing that the Japanese economy will collapse entirely, becoming a developing country.
How brutal is the exploitation by the United States? And how are the Japanese resisting? A brief overview and analysis might be useful.
On May 4th, U.S. Treasury Secretary Janet Yellen warned Japan against excessive intervention in the yen exchange rate during a speech in Mesa, Arizona, and stated that consultations would be conducted.
It is reported that international shorts were stimulated by Yellen's speech, making significant bets against the yen.
The yen foreign exchange market still maintains high trading volumes while experiencing repeated fluctuations, indicating a tug-of-war between two forces in the market.
One force is international shorts, and the other is the Bank of Japan.
Although some believe international shorts anticipate the yen to fall to 180, the target has not been reached yet, so speculative activities against the yen continue to increase.
However, why did the Bank of Japan suddenly take a tough stance? Behind this is the resurgence of internal resistance forces in Japan.
This resistance force is not newly emerged. For example, in the later period of former Prime Minister Shinzo Abe's tenure, he showed tendencies of resistance, ultimately leading to his resignation. The United States is also actively suppressing this resistance force.
It is said that a department similar to the CIA, the Tokyo Special Investigative Department of the Tokyo District Public Prosecutors Office, has conducted several investigations into the ruling party.
Not long ago, after a meeting between Japanese Prime Minister Fumio Kishida and Bank of Japan Governor Katsunobu Kato, Kato's attitude notably turned tough.
While Kishida appears mild on the surface, he has always regarded Shinzo Abe as his political mentor, so some speculate he might be a hidden leader of the opposition.
The relentless exploitation in 2024 has aroused the anger of the Japanese, and some are no longer willing to continue to endure.
This series of events indicates that Japan is gradually awakening from passivity and beginning to take action to resist U.S. oppression.
As time goes on, we may witness a more independent and powerful rise of Japan, posing a greater challenge to U.S. hegemony.
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