To know,“Harvest leeks”This can be regarded as the biggest dividend for the issuing country of the international reserve currency,Americans especially enjoy this benefit。

Therefore, the yen has become an international reserve currency,It has brought great convenience and additional dividends to Japan and Japanese companies,So Japan has always tried everything possible to keep this dividend,Maintain the status of the yen as an international reserve currency。
In order to maintain the yen’s status as an international reserve currency,It is necessary to ensure that the Japanese yen and the US dollar are freely convertible。
If one day the needs of other countries to exchange yen for the US dollar are not met,Will cause great market panic。
At that time, countries around the world are afraid that the yen they hold will become a pile of waste paper and dare not hold yen anymore.,Not even dare to accept the yen in international trade。
The yen’s status as an international reserve currency will also disappear.,This is the last situation Japan wants to see。
In fact, this is why Japan has the most in the world2The root cause of trillion dollar foreign exchange reserves!
that2Trillion dollar foreign exchange reserves,This is the insurance that the Japanese bought for the yen’s international reserve currency status,Just to be able to deal with large-scale yen runs at any time。
Digression,Since the 1980s,The reason why Japan holds high foreign exchange reserves once troubled the world economics community。
Because in general,A country holds high foreign exchange reserves to maintain its fixed exchange rate system from shocks,But Japan implements a floating exchange rate system,There is no need to maintain a fixed exchange rate system。
This problem was slowly solved after the new century,The world learned that the original intention of the Japanese holding high foreign exchange reserves was to maintain the yen’s status as an international reserve currency.。
Of course,All this is well-known to Qiao Tianyu, who has the advantage of rebirth.,And for others living in1994For normal people,Still kept in the dark by the Japanese。
Say,The misdeeds of the Japanese deceiving the world,Really abound!
in conclusion,Due to the rapid development of the Japanese economy in the past two to three decades and the establishment of the yen’s international reserve currency status,Makes central banks and private companies around the world hold large amounts of yen reserves。
And when these countries choose to request Japanese yen exchange,,In order to maintain the yen’s international reserve currency status, the Bank of Japan,Even if the tooth is broken, you must honestly exchange the yen into the U.S. dollar,Otherwise it will completely shake the yen’s status as an international reserve currency。
Also has the advantage of rebirth,Lily has forgotten the reason why Japan has high foreign exchange reserves。
If it hadn’t been for this moment to learn about the Yen run on the world,It is estimated that Lily has not yet figured out the true goal of the five major Wall Street investment banks and international hedge funds to short the yen.。
It turns out that the five major Wall Street investment banks and international hedge funds are going to attack,Not in the usual sense“Fixed exchange rate system”,But the yen’s international reserve currency status!