Why Japan's Currency Is So Volatile Lately

[@shikaryun]

Both the old man and the inn lady were impressive. She runs a traditional inn but still seems to have a solid grasp of modern finance. 💯

[@Obsidian-Nebula]

What one had to do with another? Is like saying you can't do math because you read books

[@yassineelfellah6601]

Agree. What's more impressive is the fact that she keeps that beautiful smile despite the hardship she is going through

[@Chessmapling]

A lot of people don't know that the yen carry trade was actually popularized by Japanese housewives decades ago. Traditionally in Japan wives were expected to manage the household, but that included the husband's finances as well. Those housewives often had a better grasp on markets than their husbands.

[@AlanLin1995]

@@Chessmapling There is a manga called "FX Fighter Kurumi-chan", which the whole story base on this topic

[@jaedme]

@@Obsidian-Nebula don't be so thick, it is obvi impressive she is watching interest rates and how they impact her biz

[@aadifernandes]

"I don't trust people but animals are honest" Words to live by sir!

[@apoe5029]

ok

[@cheungdominic5192]

@@apoe5029😊 😊😊😊😊😊😊😊😊

[@_Tony.Montana]

You can trust the hungry Lion to eat you.

[@ともこともこ-k3r]

Will the zebras notice that many hyenas are gathering in the former Great Country and try to escape? or will they be so distracted by the appearance of a UFO that they will pretend not to notice it? If they stay there and get eaten by lions and hyenas, A will be "great again". but,but... I feel sorry for him, so I want to tell him, ｢That place is dangerous, so run away quickly｣.

[@heyjo3417]

@@_Tony.Montana Why? Did the Lion said he is not going to eat you?

[@luxushauseragency]

The old man was so impressive!!

[@zerohcrows]

88 and only 2 billion yen? lol, not impressive at all. I've got a 3 monkey stock experiment in my basement right now and one of them has made 3 times that and he's only 4 years old. I'd fire the other 2 slackers if they weren't making at least 120% of what that old man was.

[@0xcto]

@@zerohcrows It sounds like he's a forex trader, not a stock trader. Turning a decent profit on forex consistently does seem pretty impressive but no doubt he's still just been lucky.

[@sharpasacueball]

@@zerohcrows What do you want a medal?

[@anadrollecter7102]

"He claims to have made over two billion Yen." He says he saw this coming but still suffered a loss... This old dude is just gambling in his retirement. And the arrogance of this former pet store owner to suggest he knows more than the BOJ Governor is staggering.

[@Danielcullen-gl4xd]

@@luxushauseragency keep believing the propaganda 🫧

[@TaataGeo]

Old man with a parrot 🦜 was cool asf

[@apoe5029]

ok

[@JB-tm2fx]

@@apoe5029 yes

[@manorsolomon951]

it was budgie.

[@kakomamakondo8884]

We need a documentary on Shigeru Fujimoto😂😂

[@MithunOnTheNet]

Exactly! Seems like quite an interesting character. He must have a lot of tales interesting to finance nerds! 😄

[@bhishekghusalkar3297]

Yes, He is an interesting character like in a film.

[@BryansVlogs]

for real

[@sitapatel573]

I was just thinking the same thing! Dude is cool and probably has so much knowledge

[@hz1249]

He might be one of the founding fathers of cryptocurrency hahaha.. 😆😁

[@CaptureAsia]

06:03 This man computer set-up is better than most people.

[@TrevorOuellette]

The budgie lost $4.57 in the yen carry trade unwind but that was only 15% of his overall portfolio. He’s well diversified.

[@Shaker626]

That innkeep lady has a beautiful voice. So soothing.

[@wyrdofmeh]

And her sentences are very polite and well composed. I think she is well educated both in tourism and finance

[@tamwilfred]

That's how most well-mannered Japanese women are. That seems to be the norm when I lived there in the 2000s.

[@CaptureAsia]

05:28 "I don't trust people" words of wisdom.

[@grimaffiliations3671]

Remember when everyone was saying Japans currency would collapse because of their massive debt? I remember

[@StormInATeaCup35]

People are still saying that now. And it still might.

[@donaldlee8249]

It still will

[@grimaffiliations3671]

@@StormInATeaCup35 ok bud

[@radry100]

Then the USD should have collapsed many times already

[@grimaffiliations3671]

@@radry100 yeah, silly logic

[@ingislakur]

Carry traders in Iceland lost everything in 2008 crash. They borrowed from Japan and invested in ICeland. and then Iceland crashed famously and these investors lost everything............ moral of the story. This investement is far from safe.

[@teddymoon3744]

lol sooOOOo fun $$$

[@manorsolomon951]

should have invested in india. They are fastest growing economy in world.

[@yt-mca]

Too short documentary for such a complex situation

[@poshbo]

They don't actually explain why the Yen is volatile, just the consequences of the Yen rising. The Yen to USD exchange rate was already quite volatile even before interest rates went up

[@AMNG1994]

"But animals are honest" Me: Squints and looks at my cat

[@bombasticcat]

9:58 he is the master from Vagabond. "Preoccupied with a single leaf, you won't see the tree. Preoccupied with a single tree, you'll miss the entire forest."

[@boarbot7829]

But the other way around...

[@Kbarboza94]

Using credit cards for investments is wild to me.

[@ThabileVatsha]

Like it's insane! Short term credit to buy long term stock! Jesus Christ!

[@Chessmapling]

You are basically doing it on a small scale every time you use your credit card. If you make a $100 purchase with a credit card in the beginning of the month, you don't pay it back until the end of the month. That means you get to invest $100 for one month. For most people they will earn some small interest in their savings account during that month.

[@RoboticDragon]

So clearly I missed it, Why is the Yen so volatile?

[@TK-gd9td]

Because people are constantly leveraging and deleveraging using the yen makes exponential swings in demand based on which side is favorable. Either high demand for the yen or the opposite currency its traded against.

[@my_account5603]

@@TK-gd9tdNow not really

[@Sjalabais]

"The Great Unwind", as we call it today...lady, this just happened. :P

[@reck_er5003]

And this is just the beginning.

[@ClaytonGrimwald]

But, due to unruliness or poor behavior there has been, as of late, major pushback against tourism here in Japan. It's a move that simply can't be made while major fumbles like this are occuring.

[@jebbo-c1l]

Tourists behave badly everywhere, Japan is still a small destination globally. If France can cope with twice the numbers at half the size, then Japan can adapt to do so as well

[@MrMadvillan]

tourism has nothing to do with it.

[@aemi_sa]

non Japanese dont know how rude they are❤

[@Zagirus]

@@jebbo-c1l Unlike those frogs, the Japanese actually care about their nation and culture. So, no, Japan shouldn’t have to babysit Gaijin problems. Tourism and immigration are just terrible for any country’s well-being.

[@AchilIes]

The unbridled surge of tourism has cast a shadow upon the revered landscapes of Japan, as foreigners, with a lamentable lack of reverence, desecrate sacred temples and shrines, tarnishing the very essence of Japan's cultural heritage. This cultural pollution, akin to a tempest that ravages the sanctity of tradition, bears an eerie resemblance to the insidious erosion wrought by unchecked immigration, where foreign interlopers, in their heedless zeal, sow seeds of discord and disharmony in the sacred soil of the host nation. In light of these disquieting parallels, the clarion call for Japan to fortify its borders against the tides of tourism and immigration resounds with a poignant urgency. So the pushback heralds a clarion affirmation of Japan's commitment to preserving its heritage for future generations.

[@lingth]

86 year old with 13million USD.. wow..

[@andrewfales8575]

The 88 year old pensioner is inspiring!

[@itsnelson123]

It was just a matter of time that they would raise the interest rate again. Anyone who thought otherwise clearly doesn't understand Japan's economic situation. And of course it would shake the markets, Japan is the fourth largest economy.

[@putinlovehamas]

the most interesting facts is that the Japanese trader started trade at age 66, you are never too old to start trade.

[@Lukelearbomb]

He said he had been trading since 19, he started using the internet to day trade at 66, he's now 88.

[@urbanstrencan]

Keep up with great work bringing us videos like this ❤❤, didn't imagine how currency like Jen can fluctuate so much

[@CUMBICA1970]

But then as a Brazilian living in Japan it's all relative. Mind you in Brazil the interest rate right now is 10.5%. And believe it or not it's a fairly normal rate (it used to be 15% at times.) And still it devalued to close to 6 reals a dollar in the recent stampede (it used to be parity some 20 years ago.) I tell my Japanese friends just imagine the dollar at 600 yens and that's my country and they go crazy oh man how your country is still around. And I'm not even talking about Argentina...

[@user-upt6j6hk15]

That’s all on former Bank of Japan president Haruhiko Kuroda. It’s a perfect example of how just one incompetent person can ruin and affect millions of lives without any accountability . Fortunately for Japan, the new BoJ president seems to have more common sense and is fixing his mistakes.

[@kvarner6886]

0:34 I love that this is the first image they used for "investors." I imagine they will flesh this guy out later, but I like it better without context. Old Japanese man with Parakeet on head= "investors."

[@vkeykanesan9309]

Her voice would make interesting cold villain in next anime

[@radry100]

Joke or what? It's more stable then the USD.

[@Jeffcrocodile]

The yen was already over 160usd and it wouldn't stop there, of course the BoJ had to do something, and they buying yen wasn't working against so much trade, they did the only thing they could do. This is not that difficult.

[@distiller56]

japanese lady worried, in the most demure and caring tone ever.

[@meiji_apollo]

Great resource persons. That ojiisan especially is a vibe!

[@3decadesBehind]

Bloomberg's caption wasn't right @ 6:15. The old man explicitly said Kazuo Ueda is bold!

[@mushroomcat2322]

the subtitle skipped the bit where he called the BOJ governor bald💀

[@abhishekvanenooru4959]

thatha you are gold , symbol of perseverance

[@cdallas753]

Could u guys do a research on who or what company benefitted or profited from this stock debacle

[@balayanr]

I have no pity for carry traders, only for the people affected by the collapse of JPY since 2020. Japan went from an exchange rate of 110 yen to USD all the way to 160, which was devastating for a country so heavily relying on imports. Costs for almost everything sent up and while salaries remained more or less frozen for last 30 years, the entire country took a hefty pay cut to appease global traders and tourists.

[@MopeyMoon]

There are too many ways to gamble and it's ruining everything. It's so prevalent that you essentially have to participate just to attempt to get ahead and hopefully secure a comfortable retirement.

[@Paul-e9x4h]

Menepiskan hambatan hambatan yang bisa memperburuk jalannya perekonomian bisa menjadi opsi yang paling memungkinkan dalam menjaga volalitas arus kas yang stabil

[@yeardol]

This video is so impressive and breath giving in my armchair. I stopped at little equity Tesla and went on with the Japanese retail part. Every unvoted for soldier should know how low value ground is compared to FX.

[@joshhoffman1975]

Great journalism, thanks! ❤

[@MargaretheDenzler]

been watching the charts this week each day after work. im gonna start demoing this next week God's willing.

[@lee-qk2vk]

i live in japan (almost 6 years now) and boy is everything expensive now

[@vanillatgif]

Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto

[@pmhwong]

88 years old and just trading for fun... addicted to money? lol

[@azamanwar3116]

That’s what I said, sheesh.

[@grimaffiliations3671]

So interest rates have been low in Japan because of a slugging economy, doesn't that admit that the government is in full control of interest rates? Because i don't think the market would keep interest rates low when japans debt to gdp ratio is over 250%

[@ssjj005]

Is 250% bad? How about 350%? It does not make any difference. Japan can just print money as long as inflation stays under 2%.

[@tatsumasa6332]

Manipulation.

[@RivusVirtutis]

That is the mystery of the yen. How much debt the market can tolerate for a currency that belongs to the world's 3rd or 4th largest economic power is uncertain. No one knows how much or when it will reach the limit. The day we find out the answer will likely be the worst day for the market.

[@tatsumasa6332]

@@RivusVirtutis It's 38th par capita. the debt stays with BOJ, but the treasury sets fiscal that is the reason. We have money, but won't be able to use it.

[@RivusVirtutis]

@@tatsumasa6332 Per capita GDP is not the main issue. The yen’s status as a key currency, centered around the dollar, adds complexity to this mystery. Despite having limited domestic use for our money due to an aging and shrinking population, Japan still holds the accumulation of wealth from when it was at the top of the world economy. This wealth is retained within corporations, the wealthy, and social infrastructure. As a result, Japan can only export capital. Moreover, there aren't enough skilled people in Japan to export this capital effectively, so foreigners are doing it for us through yen carry trades.For the same reasons, despite losing strength due to declining populations, the yen and the euro are now crucial in determining global capital flows, making them more vulnerable to global influences. Once wealthy, now aging nations have unexpectedly become central to the flow of global capital.

[@ice_coffee46]

日本人なのにおじいちゃんの言葉がほとんど理解できなかった。翻訳者を尊敬します。

[@IvanKoshelev-f2w]

Any chance you could cover risk management strategies in an upcoming video? I want to trade safer.

[@TylerRylance]

That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?

[@naminunemo]

日本語字幕もあるのか

[@eisagdix6692]

Yes, now there are.

[@noremacmada]

Possible research project: Enumerate possible risks to Japanese Balance of Trade and generate likelihood probabilities.

[@hairbear243]

I’m going to Japan in a month did the yen just get stronger?

[@Danielcullen-gl4xd]

The stock markets are as big as a balloon 🎈 the real economies are as big as a pin 📌.

[@walkerhaw5468]

2024 is the new 1929.

[@silentbullet2023]

Best of luck Mrs Watanabe!

[@davidcantor293]

A 10 yen change should NOT have any impact on foreign travel.

[@sawlty-suite5131]

yeah! needs more explaination

[@Enjoy17ful]

I want to be that old man

[@contentkings]

all issues come from the way the us exports inflation.

[@thunder881]

Here in Italy there is a huge amounts of American tourists, the have no problem paying every prices, cost of living is through the roof in major touristic cities right now.

[@yoshimaru_chan]

6:14 he also said "He is also bald" LOL

[@vocalrange]

TIming was spectacularly bad? No, it was necessary to prevent the JPY from sinking any lower.

[@thomHD]

Unique to Japan how its government has been able to rely almost exclusively on debt for 25 years with little or no reaction (or even awareness) from the general population, when if, say, the German government tried it, there'd be protests and uproar. Cue the kneejerk reaction "Oh it's ok, because it's domestic debt" - point is, that's not the whole point.

[@Hans-gb4mv]

The fact that so much of Japan's debt is domestic is exactly the point. As long as Japanese companies are willing to invest in their government, the debt is not an issue. Because those companies cannot afford to have their own government default on the debt. If however, a lot of your debt is in foreign hands, those foreign creditors can cause a country a lot of pain when they demand that you repay them on time.

[@Dendarang]

Or, for real world example, Liz Truss in the UK, who tried to go on a borrowing binge and got punished heavily for it.

[@delbomb3131]

​@@Hans-gb4mvand prices for things in Japan have been incredibly stable for a very long time so locals don't care.

[@yamabiru4553]

Yeah, when you work 80 hours a week it’s kinda hard to protest

[@I-am-not-human-being]

@@yamabiru4553日本の週の労働時間は40時間くらいが普通です。最近は長時間労働の取り締まりが非常に厳しく、残業はめったにありません。今や、日本の年間平均労働時間はアメリカよりも短い。長時間労働として有名な国は韓国に移り変りました。

[@chickenheart7615]

The two prominent characters show why Japan is the country of Anime[

[@lashlarue7924]

Mrs. Yamamoto strikes again... "the widowmaker trade" never dies...

[@macmatz]

old man is soooooo based

[@edng3491]

Love this. I love how the commoners are betting and be smart and end up losing everything. Lox ❤❤❤

[@pragman3561]

6:13 Actually, this old man jokingly says "Ueda is intelligent enough to have thin hair." The gesture is meant to convey that joke.😆

[@GudasWorld_2]

Stock markets need to end. Pointless waste of resources.

[@maxencewww]

No.

[@jemiez9383]

The Land Of The Samurai And also The Land Of Mrs Watanabes😂

[@Hello-uk5xp]

What does Mrs watanabes mean 😮

[@aintnoslice3422]

Wont somebody think of the poor investors?

[@Hans-gb4mv]

They don't think about us when they are making profits.

[@1wun1]

​@@Hans-gb4mv 😂😂😂

[@pinyichang4680]

Thank you for your work

[@sgbuses]

BOJ can increase the interest rate but Japan's massive debt and in turn the Yen will then completely collapse under its own weight.

[@letsthink1991]

So, A trader borrows money from Japan in Yen where it is sold to him by a retail trader who is looking to make more on his money than what is offered by the banks. The trader then sells Yen and buys Dollar. The dollar is then put into US stock market especially options and futures hoping that when the underlaying goes up so will the derivative. When that happens the trader sells the derivative, sells USD, buys Yen, repays the loan and pockets the difference as profit! All because Yen is available for cheap yet Yen is in demand for high value exports that Japan does to the rest of the world!

[@leaf16nut]

Great time to buy stocks.. 🤷‍♂️

[@doncorpening4157]

I inherited a substantial amount of money from my Japanese grandfather, in Yen, what should I do with it?

[@wanderer0013]

keep things simple. people like to think they're being sophisticated by doing something complicated.

[@HuntingtonAnnabelle]

240 Troy Shoals

[@arpitjain2591]

Love the video

[@jim7195]

old man with a parrot, also a millionaire, literally a manga character

[@edjones3410]

it ain't even getting started yet....

[@gerrygiovan4720]

Sasaki and Pi-chan (X) Shigeru and Pi-chan (✓) By the way Shigeru in English is Gary

[@ThisMusicIsToogood]

1:02 Can you tell me what that is in Yen please (144,069,500,000,000.00)

[@bharatavarsha17000]

Make a documentary on Old man ❤

[@aklole993]

Japan is living in 2050.

[@GameFuMaster]

we spend so much time and effort on gambles and delusions (finance trading and speculation) rather than actually creating stuff)

[@DesmondMiles333]

One of the better ways to manage volatility is just talk about it. - Rothschild

[@conusx4752]

i need to move to japan immediately

[@revvedrey]

I love japan❤

[@fretstain]

so can Japan just never increase rates again?

[@corpo_ethereal2744]

Love how the average japanese civil servant is also an expert trader.

[@Setyaji_1]

Us dollar and gold

[@sionbarzad5371]

oh man I am so freaking out for the rich now

[@Haji84]

ぴーちゃんのおじいさんや

[@toram6210]

because of USAA

[@ayo-foyewadavidschannel130]

Wdym negative interest rates

[@aknaltunyurt]

why?

[@stumbleguys-z5w]

Hold

[@ria1230]

そもそもの発端は単純にヘッジファンドが円売り仕掛けてきたんじゃないの？まぁなんで仕掛けてきたのかは複雑だろうけど なんかそのへんの言及がなかったから不信感… 金利の引き上げだって大失敗って言ってるけど、円安とバブルの抑制としてはまぁ効果的だったのではないの？

[@k-bala-vignesh]

lol looks like Boj is actually the money printer for the US

[@RichieTeng-of6sj]

What are feds?

[@usiruk]

Margin with no interest, count me in!

[@Frances-x9v]

можешь пожалуйста снять видео как с лоу балика залетать?

[@user-lb5ry1kn7j]

вы просто попробуйте поиграть разок