A 1-dollar-to-200-yen era is coming?!

Japan is classified as a mature creditor country according to the International Balance of Payments Development Stages Theory.(※) Based on the current international balance of payments statistics, the future path of the USD/JPY exchange rate was auspicious.

(※The International Balance of Payments Development Stages Theory was proposed by economist Klassen in the 1950s, who viewed the balance of savings and investment accompanying a country's economic development as a cycle, and assumed that the pattern of the international balance of payments would follow a six-stage development shown in Figure 1.1950年代の経済学者クローサーが、一国の経済発展に伴う貯蓄と投資のバランスの変化をサイクルとして捉え、国際収支パターンが図表1の6つの発展段階を辿ると想定したもの。)

(Figure1International Balance of Payments Pattern, Author's Creation)