报应来了，日元成“最弱货币”遭全球抛售，日财务大臣苦诉撑不住

Core Viewpoint - The election of Sanae Takaichi as the president of the Liberal Democratic Party has led to a significant depreciation of the Japanese yen, raising concerns about the impact on the Japanese economy and the potential for a prolonged period of currency weakness [3][5][17]. Group 1: Yen Depreciation - Since Takaichi's election on October 4, the yen has depreciated over 3.7%, with the exchange rate against the US dollar hitting a low of 153.003 on October 8, the lowest since mid-February [3][5]. - The yen has also weakened against other major currencies, reaching a historical low of 177.86 against the euro, marking the lowest level since the euro's inception in 1999 [5][11]. Group 2: Economic Policies - Takaichi's economic policies are characterized by a continuation of "Abenomics," advocating for loose monetary policy and active fiscal measures, which are exerting downward pressure on the yen [7][9]. - Analysts note that Takaichi's approach includes a more aggressive stance on fiscal policy while maintaining a dovish position on monetary policy, which may delay interest rate hikes by the Bank of Japan [9][15]. Group 3: Economic Challenges - Japan's economy is facing multiple downward pressures, including rising prices and stagnant wage growth, with nominal wages increasing by only 1.9% in September while real wages fell by 1.4% [11][13]. - The number of bankruptcies among small and micro enterprises has risen, with 965 companies filing for bankruptcy in October, a 6.2% increase year-on-year, highlighting the economic strain on these businesses [13][15]. Group 4: Market Reactions and Future Outlook - The financial markets reacted swiftly to Takaichi's election, with a notable drop in the yen's value, leading to a consensus among traders to sell the yen [5][17]. - While the yen is currently undervalued, its future trajectory will depend on Takaichi's policy execution and her influence within the government [17][19].