Shale revolution
In the United States, it will be relatively easy to mine shale gas and shale oil from the shale layer, which has been said to be difficult to mine, and within a few years, the United States will become the world’s largest energy superpower. It is said.
As a result, crude oil prices, which are currently at a high level, are expected to fall, and I think that concerns about cost-increasing malignant inflation will be greatly reduced in Japan as well.
There are benign and malignant inflation, and in the extreme, if the rate of increase in wages is higher than the rate of price increase, it can be said to be benign inflation, and vice versa. ..
Japanese companies have been trying to avoid passing on the various cost increases due to the rise in energy prices as much as possible, but there must be a limit to that as well.
I sometimes see the argument that excessive depreciation of the yen (I think it’s just a correction of the excessive appreciation of the yen) is an evil that raises import costs, but if the shale revolution lowers energy costs, the yen will depreciate. Is a big step toward increasing industrial competitiveness.
There are statistics that the total amount of exports has not increased even if the yen depreciates, but from the experience of removing the ladder many times in the past, it is the attitude that companies are paying more attention to the circumstances. I don’t think it’s too difficult to understand.
If the yen depreciates, stock prices rise, energy prices fall, benign inflation, etc., I think more companies will announce good financial results such as “record high profits”.
Also, it is easy to imagine that companies that are currently cautious about raising wages will want to keep their internal reserves generous due to their past bitter experience, and that prices and wages will rise. It is unavoidable that there is a time lag between them.
By the way, I sometimes take a taxi and talk to the crew, but recently, more and more crew members say, “Is it better than the worst?”
While talking about “Mr. XX seems to have the highest profit ever” and “Mr. △△ seems to have the first net profit in more than 20 years”, it is legal for a large company with a good economy. I jokingly said that I should oblige to buy a lot of taxi tickets, and it was very impressive that he said to Nico Nico, “Customers, that’s a big welcome.”
Is it an economic recovery measure that encourages consumption even from such a small place? I thought.
By Admin|2014-02-18|2014,News Release|