The Japanese Prime Minister appears to be reaping gains from the depreciating Yen, a situation he has referred to as a "forex bonanza". The weakening of the national currency, often considered a troubling indicator, seems to benefit certain sectors of the economy. The Prime Minister's statement sparks discussions about the potential pros and cons of this development and what it could mean for Japan's future economic prospects.
In Japan, the value of yen has significant implications on the economy, particularly on export. A weaker yen generally boosts large exporters, as their foreign income translates into more yen. However, it also can increase the cost of imports, which could potentially fuel inflation. People's opinions are divided - while some welcome the benefits for exporters and potential stimulation of the economy, others worry about the increasing cost-of-living.
In the US or EU, the public and economic opinions about currency depreciation vary, much like in Japan. It can give a short-term advantage to exporters and stimulate economic growth. However, there are also concerns about its potential to trigger inflation and reduce people's purchasing power.