Impact of Trump's Presidency on Prices
With Trump's inauguration as president, the biggest concern for ordinary Japanese citizens is how prices will be affected. The exchange rate, which directly influences prices, is a major point of anxiety. If the yen continues to weaken and prices keep rising, life will become even more difficult. Reflecting on Trump's pre-election statements, it's unclear whether the yen will weaken or strengthen. He mentioned aiding American export companies by devaluing the dollar. At the same time, he talked about raising tariffs. Raising tariffs would naturally increase prices, leading to interest rate hikes, which would then strengthen the dollar. It's uncertain which direction things will go. It's undeniable that prices in Japan are rising, and the increased cost of living is burdening households. Wages seem to be rising as well. Day laborers and short-term part-time workers have seen slight wage increases, likely because employers need to attract workers. While higher wages f...