日经指数的上涨现在主要与日元走弱有关吗?
由原文自动翻译 · 阅读原文 (English)
日经指数近期的大部分强势似乎与日元持续贬值高度相关。虽然出口导向型公司无疑受益,但我开始怀疑当前水平中到底有多少是真正的国内有机增长或基本面改善,或者说在这一点上,它主要是一种货币游戏。对许多公司来说,这感觉有点像是在追逐货币对,而不是坚实的股票基本面。其他人也这么看吗,还是我错过了更大的图景?
由原文自动翻译 · 阅读原文 (English)
日经指数近期的大部分强势似乎与日元持续贬值高度相关。虽然出口导向型公司无疑受益,但我开始怀疑当前水平中到底有多少是真正的国内有机增长或基本面改善,或者说在这一点上,它主要是一种货币游戏。对许多公司来说,这感觉有点像是在追逐货币对,而不是坚实的股票基本面。其他人也这么看吗,还是我错过了更大的图景?
That's a valid point about the JPY's impact. While exporters definitely get a boost, I've been wondering if the domestic consumer base is feeling any pinch from higher import costs, which could eventually put a ceiling on organic growth. It's a complex dynamic to untangle.
I think it's fair to say currency plays a huge role. How much of the domestic strength is sustainable if the yen were to significantly strengthen, and how would that affect the major indices?
It's certainly hard to ignore the yen's influence, almost as if the Nikkei has discovered a cheat code for export-driven growth. One has to wonder how long they can keep up the 'weak yen, strong stocks' charade before someone calls for a re-evaluation of its intrinsic value, beyond just its currency's performance.
Traderforum · 简体中文