The “Struggling Lives of the Ordinary People” Underlying the Internet Battle of Hiroyuki vs. | FRIDAY DIGITAL

The “Struggling Lives of the Ordinary People” Underlying the Internet Battle of Hiroyuki vs.

  • Share on Twitter
  • Share on LINE
Professor Yoichi Takahashi (left, from official YouTube) and Hiroyuki in a battle over the weak yen

The “weak yen” has developed into a battle involving celebrities.

When economist Yoichi Takahashi, a former bureaucrat in the Ministry of Finance, presented his theory on a TV program, “I’m fine with a weak yen; no one would complain about 300 yen to the dollar,” influencer Hiroyuki Nishimura, a.k.a. “Hiroyuki,” responded, “I’m not complaining about the weak yen,

The cost of fuel, fertilizer, and transportation will double, so the price of agricultural and fishery products will double. The price of imported goods will more than double. Electricity bills will also increase.

Since the take-home pay of domestic workers, public servants, and pensioners will remain the same, they will essentially live on half the price. Really, scholars?

and refuted with X. Later, Mr. Takahashi responded with X

It has been known for centuries that a weaker yen (weaker home currency) is advantageous to Japan (advantageous to the home country) as it depresses the neighborhood.

Mr. Takahashi then responded in X with such statements as

He says in the media, “I’m fine with a weak yen; no one would complain even if the yen depreciated to 300 yen to the dollar.

He is engaged in a heated battle.

Then, on June 22, Takahashi held a live stream on his YouTube channel and said, “Hiroyuki got involved with X! He gave details with a thumbnail of “HUH.

He named the Nobel economist Paul Krugman, who said that the depreciation of one’s own currency is advantageous to one’s own country,

If you have a problem with that,” he said, “don’t tell me about it, but get rid of Krugman. If you have a problem with me, don’t bother with me,” he scoffed, “you’ll get your Nobel Prize when you realize that neighborhood deprivation is wrong.

He scoffed.

Companies such as Toyota that also make money from exports are certainly making huge profits, and the Japanese government’s tax revenues will naturally benefit from the profits made by companies that profit from the weak yen. Considering the national interest, a weaker yen is certainly advantageous.

However, Hiroyuki is also correct. Even if wages are raised, salaries will not be able to keep up with high energy costs and prices. Real wages, which take price increases into account, have been negative for 25 consecutive months, the longest in history. Low-income earners and pensioners whose incomes have not increased are impoverished. In fact, in another article, Mr. Takahashi also suggested that ‘the benefits received from the weak yen should be returned to the people. (Economic reporter)

Economic commentator Mr. Takaaki Mitsuhashi also wrote in his blog on June 4

We should enjoy the benefits of the weak yen, increase domestic investment, and mitigate the negative impact of rising prices on people’s lives through fiscal policy.

Specifically, abolition of the consumption tax, gasoline tax, and renewable energy levy. In short, the government should bear the burden of rising prices.

The government should bear the burden of rising prices,” he writes.

In short, the weak yen has allowed the government to siphon off more than ¥70 trillion in tax revenues for two consecutive years, more than it did during the bubble era. The common people are suffering because of this.

In the debate between Hiroyuki and Takahashi, Hiroyuki’s nemesis, Ryuichi Yoneyama of the Democratic Party of Japan’s Constitutional Democratic Party, also commented, “Hiroyuki is right.

Hiroyuki is right.

Mr. Yoneyama, a member of the Democratic Party of Japan’s Constitutional Democratic Party (DPJ), offered his support.

However, on SNS and other social networking sites, the following comments were made

I don’t care who is right. If you know what the right answer is, please make reforms that will improve the future of the people. If you can’t do that, what’s the point of having experts and politicians?

People don’t live their lives with macroeconomic consciousness. What should I make for dinner tonight…the price is too high…I’m not going to buy anything…that’s what I do every day.

There was a string of earnest comments such as, “I’m not sure what I’m going to do for dinner tonight.

However, despite their different approaches, both Hiroyuki and Takahashi seem to share the view that the current “burden on the public is too great. If the government continues its inaction, only the common people will suffer. ……

  • PHOTO Afro (Hiroyuki)

Photo Gallery1 total

Photo Selection

Check out the best photos for you.

Related Articles