Group 1 - The actual effective exchange rate index of the Japanese yen has reached a 53-year low, indicating a continuous decline in the purchasing power of the yen [1][6] - The index fell to 67.73 in January 2023, the lowest level since Japan adopted a floating exchange rate system in 1973 [1] - The persistent decline in the yen's purchasing power is attributed to structural issues in the Japanese economy and passive macroeconomic policy adaptations [4][6] Group 2 - Japan's economic growth momentum is insufficient, leading to stagnant productivity and industrial upgrades, which fail to support the actual value of the currency [4] - The long-term maintenance of extremely low interest rates aimed at stimulating the economy has compressed the returns on holding yen, reducing international capital's willingness to hold yen [4] - A survey indicated that from January to April 2026, 3,593 food items in Japan are expected to increase in price, with an average increase of 14% [4] Group 3 - In 2025, Japan's average monthly real wages decreased by 1.3% after adjusting for inflation, marking the fourth consecutive year of decline [5] - The nominal cash wages increased by 2.3% in 2025, but the consumer price inflation rate of 3.7% outpaced wage growth, leading to a continued decline in real income [5] - Japan's manufacturing sector is facing challenges due to the relocation of production, resulting in decreased export competitiveness and a normalized trade deficit [5][6] Group 4 - Japan's GDP experienced a decline of 1.8% in Q3 2025, marking the first negative growth in six quarters, influenced by external demand and minimal growth in personal consumption [5][6] - The aging population and labor shortages are contributing to rising business costs and further shrinking the consumer market, weakening the internal growth dynamics of the economy [6] - The yen's decline reflects not just market fluctuations but also exposes deep-rooted structural issues within the Japanese economy, including crises in currency credibility, industrial competitiveness, and institutional vitality [6]

新华财经东京2月21日电（记者李诗萌刘春燕）《日本经济新闻》网站日前报道，受日本经济长期低迷 影响，反映日元综合实力的实际有效汇率指数创53年来新低，日元购买力持续下降。 （文章来源：新华财经） 分析人士指出，日元购买力持续走弱，反映出日本经济长期面临的结构性问题。日本经济增长动能不 足，利率长期偏低，对日元实际有效汇率形成持续压力。 国际清算银行最新数据显示，今年1月，日元实际有效汇率指数降至67.73，为1973年日本实行浮动汇率 制度以来最低水平。实际有效汇率指数是衡量一国货币综合实际购买力与国际竞争力的重要指标。 ...