The Impact of the Japanese Yen on the Global Value Chain

Abstract

The depreciation of the Japanese yen has had a huge impact both domestically and internationally, and the decrease in the number of tourists from various countries traveling to Japan is mainly due to the depreciation of the yen. The depreciation of the Japanese yen is one of the key research topics today, and scholars have extensively explored the depreciation of the yen from different perspectives. However, there is a research gap on the impact of yen depreciation on the global economic chain. Therefore, this study will explore the effect of yen depreciation on the construction of global value chains based on the following three aspects. Firstly, this article will explore the basic situation of the Japanese yen. Secondly, this article will explore the reasons for the depreciation of the Japanese yen from two perspectives: domestic and international. Thirdly, this article will explore the impact of the depreciation of the Japanese yen from two perspectives: domestic and international. Research has found that the depreciation of the Japanese yen is unreasonable and cannot fundamentally save the Japanese economy. The current global economic downturn has not yet shaken off the predicament. In a situation where the economies of various countries are still very fragile if the yen continues to depreciate significantly, it may trigger another financial crisis.