{"id":135675,"date":"2026-07-01T20:45:19","date_gmt":"2026-07-01T20:45:19","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/135675\/"},"modified":"2026-07-01T20:45:19","modified_gmt":"2026-07-01T20:45:19","slug":"petichodove-menu-za-150-korun-historicky-pad-jenu-otevrel-dvere-cechum-v-japonsku-je-ted-necekane-levno","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/135675\/","title":{"rendered":"P\u011btichodov\u00e9 menu za 150 korun? Historick\u00fd p\u00e1d jenu otev\u0159el dve\u0159e \u010cech\u016fm, v Japonsku je te\u010f ne\u010dekan\u011b levno"},"content":{"rendered":"

P\u011btichodov\u00e9 menu, k tomu zelen\u00e9ho \u010daje, kolik vypijete. Dohromady t\u0159i hodiny str\u00e1ven\u00e9 v p\u0159\u00edjemn\u00e9m prost\u0159ed\u00ed tradi\u010dn\u00ed japonsk\u00e9 restaurace v Tokiu<\/a>.\u00a0Pan Mirek se jen trochu ob\u00e1val sumy, kterou mu obsluha v z\u00e1v\u011bru decentn\u011b a s \u00faklonou p\u0159inese. \u010c\u00e1stka na \u00fa\u010dtence p\u016fsobila skute\u010dn\u011b neuv\u011b\u0159iteln\u011b. Jen v opa\u010dn\u00e9m gardu, ne\u017e Mirek o\u010dek\u00e1val. Za obdobnou \u010d\u00e1stku by v Praze po\u0159\u00eddil sotva chudou poledn\u00ed hotovku na periferii metropole. Instinktivn\u011b p\u0159itom Mirek v\u017edycky pokl\u00e1dal Japonsko<\/a> za velmi drahou zemi. Jen obt\u00ed\u017en\u011b mu doch\u00e1zelo, \u017ee je tomu p\u0159esn\u011b naopak.\u00a0<\/p>\n

\u201eDostanete p\u011btichodov\u00e9 menu v restauraci a v p\u0159epo\u010dtu za celou ve\u010de\u0159i zaplat\u00edte 150 korun. \u010clov\u011bk si tam pak jako cizinec p\u0159ipad\u00e1 skoro jako zlod\u011bj. A v t\u00e9 cen\u011b m\u00e1te automaticky je\u0161t\u011b zelen\u00fd \u010daj jako pit\u00ed \u00fapln\u011b zdarma,\u201c uv\u00e1d\u00ed ekonom, profesor Univerzity Karlovy, b\u00fdval\u00fd poradce viceguvern\u00e9ra \u010cesk\u00e9 n\u00e1rodn\u00ed banky a milovn\u00edk Japonska v jedn\u00e9 osob\u011b Tom\u00e1\u0161 Havr\u00e1nek. Z\u00e1rove\u0148 zd\u016fraz\u0148uje, \u017ee sou\u010d\u00e1st\u00ed japonsk\u00e9 kultury je absence spropitn\u00e9ho. Str\u00e1vn\u00edk tak m\u016f\u017ee s \u010dist\u00fdm sv\u011bdom\u00edm zaplatit jen sumu bezprost\u0159edn\u011b uvedenou na \u00fa\u010dtence.\u00a0<\/p>\n

Levn\u011bj\u0161\u00ed ne\u017e Praha<\/p>\n

\u201e\u017divot tam je dneska mnohon\u00e1sobn\u011b levn\u011bj\u0161\u00ed ne\u017e v Praze,\u201c dod\u00e1v\u00e1 Havr\u00e1nek s t\u00edm, \u017ee za sv\u00e9ho ml\u00e1d\u00ed Japonsko<\/a>\u00a0vn\u00edmal jako symbol absolutn\u00ed dokonalosti, kter\u00e1 byla ale velmi drah\u00e1. \u201eDnes dokonalost z\u016fstala, ale je to stra\u0161liv\u011b levn\u00e9. Nikdy v historii nebyla takhle \u00fa\u017easn\u00e1, bezpe\u010dn\u00e1 a perfektn\u011b funguj\u00edc\u00ed zem\u011b takhle finan\u010dn\u011b dostupn\u00e1,\u201c dod\u00e1v\u00e1 Havr\u00e1nek s t\u00edm, \u017ee jako \u010dast\u00fd turista poci\u0165uje zlev\u0148ov\u00e1n\u00ed p\u0159i ka\u017ed\u00e9 nov\u00e9 n\u00e1v\u0161t\u011bv\u011b zem\u011b.\u00a0<\/p>\n

D\u016fvodem je v\u00fdvoj kurzu japonsk\u00e9ho jenu. Ten dlouhodob\u011b oslabuje v\u016f\u010di americk\u00e9mu dolaru i ostatn\u00edm sv\u011btov\u00fdm m\u011bn\u00e1m, co\u017e vyvrcholilo pr\u00e1v\u011b tento t\u00fdden, kdy japonsk\u00e1 m\u011bna poprv\u00e9 od roku 1986 prolomila hranici 162 jen\u016f za dolar. Tempo propadu p\u0159itom p\u016fsob\u00ed tak\u0159ka neuv\u011b\u0159iteln\u011b. Jen za posledn\u00ed rok japonsk\u00e1 m\u011bna v\u016f\u010di americk\u00e9mu dolaru oslabila o t\u00e9m\u011b\u0159 t\u0159in\u00e1ct procent.\u00a0<\/p>\n

Jin\u00fdmi slovy to znamen\u00e1, \u017ee pro dr\u017eitele americk\u00e9ho dolaru \u017eivot v Japonsku zhruba o toto procento zlevnil. Za posledn\u00edch p\u011bt let p\u0159itom jen spadl v\u016f\u010di dolaru t\u00e9m\u011b\u0159 na polovinu a po uplynul\u00e9 dek\u00e1d\u011b vyjde \u017eivot v Japonsku o t\u00e9m\u011b\u0159 \u0161edes\u00e1t procent levn\u011bji. Japonsk\u00fd jen ale nezesl\u00e1bl jen tak.\u00a0<\/p>\n

Banka se sna\u017e\u00ed, ale\u2026<\/p>\n

Japonsk\u00e1 centr\u00e1ln\u00ed banka sice tento m\u011bs\u00edc zv\u00fd\u0161ila z\u00e1kladn\u00ed \u00farokovou sazbu, ta v\u0161ak z\u016fst\u00e1v\u00e1 hluboko pod \u00farovn\u00ed Spojen\u00fdch st\u00e1t\u016f. To vytv\u00e1\u0159\u00ed v\u00fdrazn\u00fd rozd\u00edl ve v\u00fdnosech, kter\u00fd nahr\u00e1v\u00e1 dolaru a podporuje spekulativn\u00ed obchody, p\u0159i nich\u017e si investo\u0159i levn\u011b p\u016fj\u010duj\u00ed v jenech a investuj\u00ed do m\u011bn s vy\u0161\u0161\u00edm v\u00fdnosem. Spekulace se p\u0159itom zdaleka net\u00fdkaj\u00ed jen velk\u00fdch institucion\u00e1ln\u00edch investor\u016f, ale i b\u011b\u017en\u00fdch japonsk\u00fdch dom\u00e1cnost\u00ed. Ty toti\u017e st\u00e1le \u010dast\u011bji nahrazuj\u00ed ve sv\u00fdch investi\u010dn\u00edch portfoli\u00edch d\u0159\u00edve obl\u00edben\u00e9 dom\u00e1c\u00ed st\u00e1tn\u00ed dluhopisy investicemi mimo Japonsko, \u010dasto pr\u00e1v\u011b v Americe.\u00a0<\/p>\n

\u201eHlavn\u00ed makroekonomick\u00fd d\u016fvod, pro\u010d jen tak pad\u00e1, je schovan\u00fd v chov\u00e1n\u00ed samotn\u00fdch Japonc\u016f. U\u017e zkr\u00e1tka necht\u011bj\u00ed dr\u017eet dom\u00e1c\u00ed vl\u00e1dn\u00ed dluhopisy, proto\u017ee jim prakticky nic nevyn\u00e1\u0161ej\u00ed. A proto masivn\u011b prod\u00e1vaj\u00ed jeny, nakupuj\u00ed dolary a sypou pen\u00edze do americk\u00fdch akci\u00ed, konkr\u00e9tn\u011b do indexu S&P 500,\u201c uv\u00e1d\u00ed Havr\u00e1nek. T\u00edm, \u017ee hromadn\u011b nakupuj\u00ed americk\u00e9 dolary a prod\u00e1vaj\u00ed dom\u00e1c\u00ed m\u011bnu, pak dramaticky tla\u010d\u00ed na pokles jenu.\u00a0<\/p>\n

Havr\u00e1nek dod\u00e1v\u00e1, \u017ee mar\u017ee firem v japonsk\u00e9 ekonomice jsou extr\u00e9mn\u011b stla\u010den\u00e9, zvl\u00e1\u0161t\u011b pak v gastronomii. Ceny v Japonsku obecn\u011b konzervuje i tamn\u00ed kultura, kter\u00e1 prakticky nep\u0159ipou\u0161t\u00ed zdra\u017eov\u00e1n\u00ed, p\u0159i\u010dem\u017e takov\u00fd trend je dlouhodob\u011b byznysov\u011b neudr\u017eiteln\u00fd. P\u0159\u00edmo japon\u0161t\u00ed makroekonomov\u00e9 se podle Havr\u00e1nka shoduj\u00ed, \u017ee \u00e9ra extr\u00e9mn\u00ed l\u00e1ce se ch\u00fdl\u00ed ke konci, je\u0161t\u011b p\u00e1r let pr\u00fd ale Japonsko z\u016fstane t\u00edm, \u010d\u00edm je nyn\u00ed. A to zem\u00ed zasl\u00edbenou zahrani\u010dn\u00edm \u0161et\u0159\u00edlk\u016fm.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"P\u011btichodov\u00e9 menu, k tomu zelen\u00e9ho \u010daje, kolik vypijete. Dohromady t\u0159i hodiny str\u00e1ven\u00e9 v p\u0159\u00edjemn\u00e9m prost\u0159ed\u00ed tradi\u010dn\u00ed japonsk\u00e9 restaurace…\n","protected":false},"author":2,"featured_media":135676,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[10634,67,68,3911,2046,245,99,1958,10915,36378,19424,113],"class_list":["post-135675","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-americky-dolar","tag-business","tag-byznys","tag-ceska-narodni-banka","tag-dolar","tag-japonsko","tag-praha","tag-restaurace","tag-tokio","tag-tomas-havranek","tag-univerzita-karlova","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116846679069808662","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/135675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=135675"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/135675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/135676"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=135675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=135675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=135675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}