The U.S. dollar climbed above ¥82 for the first time in more than seven months today.
According to Jiji Press, this is due to a larger-than-expected Japanese trade deficit in October and opposition leader Shinzo Abe's call for aggressive monetary easing by the Bank of Japan.
The high yen makes Japanese exports more expensive in American markets and American tourists in Japan get fewer yen per dollar when they exchange their money in Japan.
I received ¥116 per dollar exchanged when I visited Japan in April 2007.
Today's news is good news, but the foreign exchange rate between the dollar and yen has a long way to go to reach the ¥100 threshold.
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