Explaining why the Japanese yen strengthens in times of global uncertainty, this essay explores its status among the world’s major currencies and what it reveals about Japan’s international credibility and economic power.

It is also evidence that investors consider the Japanese yen to be the most trustworthy international currency in the world.
2018-01-25
The following is a continuation of the previous chapter.
The world’s three major currencies are the U.S. dollar, the euro, and the Japanese yen.
In the past, there was what was called “buying dollars in times of crisis,” and when the global economic outlook became uncertain, investors around the world would buy U.S. dollars.
However, in recent years, it has become “buying yen to avoid risk,” and everyone purchases Japanese yen.
Therefore, when uncertain events such as terrorism occur, the yen quickly appreciates.
Certainly, a stronger yen is disadvantageous for Japanese exports, but it is also evidence that investors consider the Japanese yen to be the most reliable international currency in the world.
The Chinese yuan cannot become one of the three major currencies because it lacks credibility.
Have you begun to sense, even slightly, the reality that Japan is a superpower?
To be continued.