**〓 As expected from a useless University of Tokyo dropout who couldn’t pass the National Public Service exam that many from Waseda and Keio pass — the BoJ is truly a dumping ground for such people. Shirakawa’s completely off-the-mark and idiotic views are truly spectacular.**
**〓 In 2022, Japan still had a strong deflationary mindset, while inflation accelerated in the United States.**
**〓 According to the relative purchasing power parity theory, which reflects real demand based on inflation differentials, the yen should have strengthened and the dollar weakened in 2022.**
**〓 However, speculators on Wall Street all rushed into yen carry trades at once. As a result, the exchange rate moved in the exact opposite direction of real demand — toward a weaker yen and stronger dollar.**
**〓 Despite the acceleration of U.S. inflation and the depreciation of the dollar, the fact that he cannot understand how speculative capital flows pushed the 2022 exchange rate in the completely opposite direction (yen depreciation) shows once again the utter stupidity of this University of Tokyo dropout, Masaaki Shirakawa. It is simply astonishing.**
1
0
**〓 As expected from a useless University of Tokyo dropout who couldn’t pass the National Public Service exam that many from Waseda and Keio pass — the BoJ is truly a dumping ground for such people. Shirakawa’s completely off-the-mark and idiotic views are truly spectacular.**
**〓 In 2022, Japan still had a strong deflationary mindset, while inflation accelerated in the United States.**
**〓 According to the relative purchasing power parity theory, which reflects real demand based on inflation differentials, the yen should have strengthened and the dollar weakened in 2022.**
**〓 However, speculators on Wall Street all rushed into yen carry trades at once. As a result, the exchange rate moved in the exact opposite direction of real demand — toward a weaker yen and stronger dollar.**
**〓 Despite the acceleration of U.S. inflation and the depreciation of the dollar, the fact that he cannot understand how speculative capital flows pushed the 2022 exchange rate in the completely opposite direction (yen depreciation) shows once again the utter stupidity of this University of Tokyo dropout, Masaaki Shirakawa. It is simply astonishing.**
https://gyazo.com/e24e4d8632dd7b972bfd26b1d17d2c45