April 20, 2022：Injury, Yen Depreciation, Monetary Policies（けが、円安、金融政策）

 A week has passed since I injured my hip joint. Fortunately, it is recovering sooner than expected. Yesterday was the third day since I began to go for a walk. I was able to walk far better. But, I still need a pair of poles since my right hip joint is not as stable as before. Probably, I will need at least a month to rehabilitate it and my leg.
 While I have been struggling with the injury, the Japanese yen is getting weaker and weaker. It reminds me of the recession caused by yen appreciation in the 2010th. The yen had appreciated to around 75 yen against the dollar. Oral interventions by the Japanese government and the Bank of Japan did not help at all. At that time, I was engaged in sales of electronic products in Europe, and the yen appreciation made the products less competitive and made me lose a lot of business.
 This time, we may suffer a recession caused by yen deprecation. As did in the 2010th recession, the government and the Bank of Japan have begun oral interventions, but with no success. They may have to change their monetary policies. I hope they will not repeat the nightmare in the 2010s.

　けがをして1週間。想定していたより回復が早い。昨日は、屋外のウオーキングを開始して3日目でした。まだ、両手にポールが必要。だいぶ歩けるようにはなったが、まだまだ不安定。右の股関節や足がけがをする前に戻るには時間がかかりそう。多分1ヶ月くらいはかかりそう。
　けがに苦闘している間に、「円安」が更に進んだ。10年くらい前の「円高」不況を思い出す。あの当時は、円が70円台/ドルまで高騰した。政府や日銀は口先介入をしたが、なんの効果もなかった。当時は、欧州で電子製品の営業を担当していた。商品の価格競争力がなくなり、多くのビジネスを失った。
　今回は、「円安」不況を思わせる。政府も日銀も口先介入を始めたが、まったく効果がない。これからも、口先介入では効果はでない。金融政策の見直しが求められているようだ。いずれにしても、2010年代の悪夢が再来しないことを願う。

円高不況 - Wikipedia