The same amount of RMB can now be exchanged for about 50% more yen than in 2019, and nearly double compared to 2011.

About five years ago, there was a trend of immigration to Japan, with a large number of people using management visas to move to Japan, transferring their domestic assets there. If 2 million RMB were exchanged for yen to buy an apartment in Osaka, after six years (if the room didn’t appreciate), plus the purchase tax and property management costs, the final net asset would only be about 1.12 million, resulting in a loss of 880,000, a decrease of nearly 44%, almost halving.