|I’m still amazed of how far I would go to dig in a certain topic. Knowledge and information are an exciting jungle to explore. |
I was wondering whether Japan would suffer from a currency crisis any time soon, as I have seen continuous dip in value against other currencies in the recent days. What is a currency crisis? It’s a sharp decline in value of the country currency. It happens when investors’ trust in the stability and economic performance of a country erodes, and panic withdrawing the currency in exchange for something else.
So far, there are potential of Japanese yen continuing to decline, but as Japan is moving rapidly to the digital financing, there will be still potential for the country to retain its creditors influences. Not a time to panic yet.
While I need to admit that I’m not yet to be knowledgable about the world of finance, I hope to understand more about the essential functions of each industry, and finance is one of my most current concern. I think the wealth creation and distribution principles are worth of learning and applying into real life, not just for the benefit of myself but also for the benefit of others. I believe that if we made informed decisions, we will be able to grow and avoid heavy pitfall. But not that’s because we are afraid to take risk; rather, we avoid the biggest potential lost by looking far into the future.
All trail could be marked and recorded, so yes, history can still be examined. I took sometimes to study the history of Japanese Yen, a monetary tool to facilitate the exchange of goods and values in Japanese market. Not much of the mathematical instruments used to determine and enable transactions that I know of deeply, but I think there are essentially many things I can teach myself to learn about regarding that.
Nonetheless, what is interesting about the Japanese financial system, is the people who got involved with it. Not as much as I’m interested in predicting the future, but if you have a clue of how things would be done, or carried out in the future as we plan, then you very much know how things would be carried out and take advantage of it. From reading about Japanese Yen, I was able to learn about the printing design intended for the new cash bill, and they would be replacing the long time noble educator Yukichi Fukuzawa, a Meiji era philosopher and the founder of Keio University, with Shibusawa Eiichi, who’s often known as the “Father of Japanese Capitalism”. On April 9, 2019, it was announced that Eiichi would be the historical figure featured on Japanese ¥10000 banknotes expected to enter circulation around 2024. Fukuzawa’s bill version is part of series D release since 1984, so 2024 will be the mark of 40 years this bill being in circulation. It’s time to dive deep into the story of Eiichi, who will become more familiar to us in the couple of decades.
In a way, I wanted to read the book A History of the Modern Fact: Problems of Knowledge in the Sciences of Wealth and Society by Mary Poovey, a little bit briefly, just to take the main ideas rather than reading in details. Very happy indeed, is that it would be available for access via Waseda Online Library. I’m very much looking forward to that as well.