While investors once rushed to buy U.S. dollars in times of crisis, today they turn to the Japanese yen as a safe-haven currency.
A strong yen may disadvantage exports, but it also proves global trust in Japan’s stability and credibility.
The renminbi’s failure to become a major world currency ultimately stems from a lack of trust.

In recent years, however, people have begun buying Japanese yen under the phrase “risk-aversion yen buying.”
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 the phrase “buying dollars in times of crisis,” and whenever the outlook for the global economy became uncertain, investors around the world purchased U.S. dollars.
In recent years, however, under the phrase “risk-aversion yen buying,” everyone buys Japanese yen.
Therefore, when uncertain events such as terrorism occur, the yen rapidly appreciates.
Certainly, a strong yen is disadvantageous for Japanese exports, but it is also proof that investors consider the Japanese yen to be the most trustworthy international currency in the world.
The reason China’s renminbi cannot become one of the three major currencies is because it lacks credibility.
Have you begun to feel, even slightly, the reality that Japan is a superpower.
This manuscript will continue.