Japan's yen hit a new low against the dollar to levels not seen since 1986

[@bennifrey9886]

In some countries offering discounts to locals would be called discrimination

[@checkoutmyyoutubepage]

Not really.

[@Omikoshi78]

US does it too. E.g. Kamaaina Discount.

[@JohnnyCashBack5X]

Disneyland Southern Californian discount? Coupons sent to local residence?

[@UmmYeahOk]

While yes, it could easily be seen that way, it’s not discriminating against race or nationality. It’s like charging locals a different tuition, or giving residents a locals discount. You can be an American and also a resident of Japan. The idea is that if you’re living in Japan, you either are a student and have no job, or have a job, even if through a work visa. Since you would then have to deal with Japanese income and cost of living expenses, you’re not the same American who shows up for a week or two realizing that their dollar is worth twice as much there, enjoying luxuries locals cannot afford.

[@ramatgan1]

Japan was destroyed by the US in the Plaza Accord of 1986. It has never recovered.

[@Madame702]

No Indian a weak currency doesn't mean your country is weak. What type of Socialist backward thinking economics did you study??? A weak Japanese currency means their more competitive than your currency. It give them an advantage exporting goods. So if you have a strong currency and there is weak Japan is can under cut you. Geez, where do people study their economics?

[@Madame702]

That why you if you don't like the US you want them to have a strong currency because when their currency is weak they dominate you in trade. Got it, you understand what I'm saying?

[@siriusman6169]

​@Madame702 The reality is different IMF currency devaluation is a recipe for decline and it opens the Door for International Financial predators to grab a country assets and resources at a discount. Listen to the beginning of the reports.

[@yulu4835]

@@Madame702 Japan is a resource-poor island nation. Any domestically produced industrial goods intended for export require a large amount of imported resources. The depreciation of the yen does not benefit the import sector at all. Just look at Japan's trade surplus over the recent period to understand this. While moderate currency depreciation can indeed benefit the export economy, the yen's depreciation has become too severe in Japan's case.

[@Madame702]

@@yulu4835 You think that however it doesn't work that way. Just remember Japan is making value added manufacturing. So their output in exports way more valuable. This why both China and India manipulate their currencies to lower it's value. Japan need exports it doesn't have the internal consumption so a weak Yen benefits Japan's over all economy.

[@thebestmoments2105]

thanks aljazeera awesome channel.

[@junaidisalam5718]

it may be dangerous to be america's enemy, but to be america's friend is fatal

[@jpsion]

ok, bot. chinese or russian?

[@Milk-rn5uq]

@@jpsionnot fatal but japan is hurting

[@everythingisfine9988]

Nope, being a US enemy is far worse. See WW2 war footage for more details

[@OrenIshiii-rg7sr]

Well , that is not all there is to A story. And it did help too, so it both sides to A story. Cause after WW2 US did depreciate Japan currency as to server like a colony.

[@paxundpeace9970]

This has to do with japanese demographics and poor management by the japanese. Primarly policies by the japanese government like raising sales tax and failing to improve the demand side and Innovation of the japanese evonomy.

[@NHJDT]

Raising prices only for foreigners is called a scam

[@_nik]

not if it's a 'local discount' instead lol

[@houchi69]

Plus it is still cheap anyway.

[@dongiovanni8899]

price discrimination against foreigners🤮

[@LamontGilkey]

I don't think so. Minimum wage here does not move at all, and has barely moved in decades. A barista at Starbucks in America makes more money than someone with 10~15 years experience working on your favorite anime, or at some of the top game studios. It's crazy expensive here and the cost of items has only gone up. People want to enjoy the local shops at low prices, but if the prices are too high for local people, they will close and chain stores will overtake them. I don't think people want to travel thousands of km to eat at a chain restaurant.

[@TeddyKrimsony]

No mention of not being able to trade with Russia as a factor is disingenuous

[@yomismo6969]

really?🤣🤣🤣🤣🤣. No wonder the chinese and indian economy are doing so great (sarcasm)

[@AlphaDogLXIII]

Is their trades with Russia 80% of their exports?

[@jkjk42898]

​@@AlphaDogLXIIINot being able to have access to cheap resources from the country with the largest resources is a big minus for a manufacturing country.They didn't think.

[@tandelta6843]

Why trade with Russia?

[@NadeemAhmed-nv2br]

​@@yomismo6969india is still hitting record growth numbers while china is still growing faster than the US

[@humanbeing6933]

charging people different prices based on place of birth!! We all know what that’s called

[@ronnelacido1711]

Well, the tourist diners are not being forced to eat there. They have a choice of other restaurants to patronize.

[@humanbeing6933]

@@ronnelacido1711 it’s still stratifying people based on morally problematic grounds

[@nearby222]

​@@humanbeing6933 lol its Business, The reason is clearly economical.

[@humanbeing6933]

@@nearby222 what he’s doing is illegal in many developed countries .. for good reason

[@benjaminthomas7865]

It's not based on place of birth, it's race. Half breeds an non Asian races born in Japan still pay more.

[@stevebeschakis9775]

Maybe we should go back to the barter system--two pigs and a goat buys one wife.

[@RichardGolD-wz3is]

Exactly Steve, where are you come from, y'all lookin Awesome my man

[@ntsakobaloyi6965]

😂

[@cornerclosetshop6199]

How many wife's you want?! Lol

[@KittieGeorge]

This analysis is superficial. Krugman says Japan would enjoy the merit by low Yen. Japanese export firms and financial ministry are hitting record high. Besides Japan doesn't depend on only export and is earning financial revenue as it's the largest creditor country in the world. Japanese financial ministry has only to re-distribute the biased profit to suffering people.

[@nadiawheeler4772]

Thank you

[@xman1533]

😳 since 1986

[@tokyoknight6676]

The restaurant name with price discrimination against foreigners is called Tamatebako in Shibuya.

[@Omikoshi78]

You’d have to boycott all restaurants and hotels in Hawaii too. They offer local discount.

[@gekmas435]

We have double pricing in Bali too. Especially visiting tourist object but not restaurant​@@Omikoshi78

[@deechicago25]

Good to know, how is that even legal? Can I do that for foreigners in the USA lol 😂

[@jkjk42898]

Japan is still occupied.

[@alexliao-s5x]

watchdog can not fight back

[@BruceJ999]

Those US bases in Japan have a purpose you know 😂😂

[@backpackpepelon3867]

​@@BruceJ999to breeds Japanese girls of course since their men likes NTR a lot 😂

[@BruceJ999]

@@backpackpepelon3867 😂😂😭

[@vlogstarm.k7054]

Leave the dollars

[@sandiaswara1940]

Then you get democracy🔥🔥 🦅🦅

[@tandelta6843]

​@@sandiaswara1940not afraid.

[@vincesiy1403]

This is why countries really need to quickly move to using local currencies for trade and move away from total US dollar dependency. The world wide depreciation of currencies are being sparked because of U.S manipulation of their currency. Each time there is an economic crisis the U.S will alway try to raise interest rates to strengthen the USD at the expense of the other currencies around world. Weaker countries especially are hard hit by these policies.

[@jkjk42898]

This. US dollar is set up to help US over expense of the others.

[@6kpda733]

What's your opinion about what makes the world depends on USD .. I looked up answers are because of US economy, political system and trades ?

[@vincesiy1403]

@@6kpda733 It is not because of the U.S economy or political system. It is because after world war 2 most countries were devastated. The U.S offered and, in some way forced thru petro dollar agreement, the use of the USD as an international currency as a convenient way for trading. Back then the U.S promised that the USD will be a neutral currency that everyone can use and that the U.S will never weaponize it. However as history have shown the U.S has increasingly been going against what they promised.

[@elifuentes7070]

What is it with non-Americans who think the US should weaken its economy and devalue its currency to suit their needs? Japan is in a dire strait because of the policies it pursued in the 60s to 80s, the demographic collapse, and the fact that Japan is resource-poor. Never mind that Japan has in essence crippled its economy when it pursued a negative interest rate policy. Japan has become rich primarily because it traded with the US.

[@paxundpeace9970]

​@@elifuentes7070the main issue is that japanese population is shrinking quickly. It does not innovate that much.

[@hanszotark5098]

Being in G7 was a mistake

[@Billck24]

Dollars been su**ing others currencies value. Dump asap

[@GalacticTradingPost]

You first.

[@uss_04]

U want my $$$🤑

[@redacted629]

@0:57 Steady regards your assertions about inflation. The printing of money like its been going out of style for decades upon decades is the main reason. Where they spent those notes is the symptom.

[@normantan7796]

Time for Japan to tear up all the treaties with US and become one again.

[@paxundpeace9970]

What's wrong with you?

[@jeffpotter2934]

From developed to developing

[@graphdatascientist]

Cool Japan ---> Cheap Japan

[@MrM-69]

Americas doing great for you!!

[@binsun7840]

This is what would happen when your country is not a sovereign state.

[@nunezinkgaming]

Japan needs to team up with china

[@momenoorrahman1083]

China play debt game well. So need for that

[@tandelta6843]

Problem China hates Japanese, the Tiny hats talmud / torah worpshippers and Russians brainwashed them into communism and made up lies about imperial Japan. Need to defeat the soviets and talmud worshippers and provide real Chinese history (and Southeast Asians) back to them as the communist parties stolen their history from them.

[@pengunjung]

IF I go to work in Japan, less than 5 years later I can go back to my homeland to retire, buy a home and enjoy cozy live. Nothing is wrong with their economic. Maybe you need to check their lifestyle or consumption level.

[@rudyalfonsus686]

nothing wrong? their GDP is revised to minus 2,6%, and here you are, saying there is nothing wrong 🤣

[@pengunjung]

@@rudyalfonsus686 My country's GDP is more than 5%, bruh. Is it okay? Nope. Proverty, stunting, low educated people, disparity, etc. everywhere. There's no correlation between GDP with poverty and disparity. GDP is for elites, capital owners and oligarchies.

[@Shery0204]

You are not accounting for the high living costs in Japan. If you went there for work for 5 years you would only be able to save little money

[@irvinclemente2368]

nothing wrong? you need to look at their future, they might go extinct in just 150 years due to low birth date. Just because their city is clean and organized doesnt mean their state is not in decline. You need to remove your rose tinted glasses.

[@momenoorrahman1083]

lol. Looks llike u still drink milk. Is that so easy to make money in Japan?

[@btrue2day]

dumb and dumber working together yet they cannot figure who is taking them for a ride

[@dirwanedy8919]

Hope yen drop more 48% this year.

[@ashho313]

Look it's going get worse 1986 the Japanese. Economy was different. Labor been hallowed out

[@jpsion]

descrimination.

[@conybrown991]

Thanks to the affluent Americans and US govt.

[@gfhbkln1639]

US inflation is not mainly by consumer rebound, you speak that like inflation is a good thing 😂. I applaud AJ English Channel for its GAZA coverage. But a lot of rest feels nothing but direct feed propaganda, like most of the Western media

[@paxundpeace9970]

Looks like you don't know how Economics work!

[@JM-xp8te]

Cool story bro

[@alexl0890]

They also ban customers from certain countries.. Racist.

[@lokesh303101]

Boom Time!

[@davidmartin7039]

Hope y'all are buying silver. Gold. Food an bullets

[@ad_astra468]

That’s the inevitable consequence of Quantitative Easing, I think that’s still better than the alternative at least the Yen losing value makes Japanese products more competitive hence boosts the economy whereas if the BOJ was to not buy the Japanese debt the government would be paying high amounts of interest rates and have to resort to austerity measures. Austerity hurts the average person just as much as a falling currency but doesn’t bring any benefit to the economy.

[@paxundpeace9970]

It makes imports more expensive and japanese production is more often in south east asia then on mainland japan.

[@JasonB808]

Japanese companies can charge whatever they want. But what about foreigners who live and work in Japan. They deal with the same weak yen issues as Japanese people. The man being interviewed probably is discriminating against foreigners. He probably doesn’t get many western customers, but Chinese, Korean, and Vietnamese people who lived in Japan for many years or their entire lives probably have been eating at his restaurant. Wonder if he base prices on how well those people speak Japanese. If I was a business owner in Japan and I get a lot of foreign tourists as customers. price advertised should be the regular price. People who present a Japanese ID get 10% discount. This way people who are not Japanese but live and work in Japan get the discount too.

[@sleepnightmare]

@JasonB808 0:33 the highlighted line says „1000¥ (1100 incl. tax) discount for Japanese and in Japan residing people“ so most likely foreigners with residence card are not discriminated against & are paying accordingly.

[@baimaa]

What you deserve when you're the highest holder of the American inc printed paper dollar bonds. 😅

[@paxundpeace9970]

Those are making japan billions in profits each year.

[@bubavaal4888]

😂😂😂😂😂 Japan the dustbin of the western economy 😂😂

[@diazvirdani1059]

*Japan🇯🇵 have islands disputes with South Korea, Russia, China.* mmake maritime agreement & peace.

[@MrWETE86]

Why BOJ unable to increase their interest rate to support their own 💴? Why they unable to dedollarization (tune down US dollar to focus on Japanese Yen on Asian markets)?

[@archangel763]

Dual pricing that is fair. You have to look after your own first.

[@larynOneka8080]

The United States doesn't look after Americans anymore. Just the multi-millionares and billionaires.

[@ArewaArewe]

1st comment No trust to this channel

[@ahmadmousa6037]

Japanese should read the Qur’an and worship their Creator.

[@kuna507]

Cmon Japan use your brain....

[@KunekuneTravels]

Racist pricing... Despite it being only for tourists, people who live in Japan with different skin colours will have to fight everyday to get charged the same as Japanese

[@larynOneka8080]

How is it racist? Wouldn't they just show their Japanese ID and speak Japanese?

[@speedycatz]

False. The discount also applies to foreign residents who speak Japanese.

[@aboucard93]

I can't see the future but I think Japan will start acting like imperial Japan soon because globalization has failed them.

[@CountingStars333]

Japan is Literally one of the most advanced economies on the planet due to globalisation and export. Brainrot goes deep.

[@paxundpeace9970]

Japan is a major winner of globalisation.

[@leealex24]

Gosh, why is that guy's eyes shaped like that?

[@introchris6083]

Bitcoin fixes this. Study bitcoin.

[@CountingStars333]

Bitcoin has its own issues. Why spend a currency that is an asset.

[@benjaminthomas7865]

Bitcoin is highly impacted by inflation Moreso that regular currencies. The argument that it is inflation proof is nonsense. The main cause of inflation is banks creating money from nothing by lending money they don't have to each other. They can do that because it's just numbers in a computer. Cash is so rarely used that it doesn't matter if they have enough bills to pay out all the deposits. This is how there is many times more money stored in banks than physically exists in printed form, however the government imposes rules on how much digital money banks can create per physical dollar they possess. Bitcoin transactions have no such regulations. The company that holds your bitcoin wallet does not have nearly enough bitcoin to pay all depositors and there is no limit to how much of it they can lend to each other using your deposit as collateral. Even if you are sure your coins are safe, the fact that other people's banks create more bitcoin out of nothing lowers the value of yours.

[@introchris6083]

@@benjaminthomas7865 Sir, you dont understand inflation and even less bitcoin. Doesnt matter if they "only" create "money" digitally, it still causes inflation. Also no company is holding my bitcoin wallet (that one of the reasons we need bitcoin). You hold it yourself, nobody can touch it. Its also impossible to create more bitcoin (that why its deflationary). Just study bitcoin before commenting like this.