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Thursday, May 2, 2013

News On Japan: "For Golden Week, Foreign Tourists Flood A Newly Affordable Japan"

Above, Ginza's Wako Department Store was demolished by Godzilla in 1954.  Photo by Armand Vaquer.

The weaker yen has attracted a flood of foreign tourists to Japan.

According to News on Japan:

The yen's sharp drop is transforming Japan's reputation as a prohibitively expensive place to visit, turbocharging the country's tourism industry long identified as a growth engine for the maturing economy. 
With a dollar now fetching close to ¥100-up from less than ¥80 in November-foreign visitors have surged, while Japanese curb overseas travel and do more sightseeing at home. 
The number of foreign visitors to Japan in March, the latest figure available, jumped 26.3% from a year earlier to 857,000, the highest for a March since 1964, when the Japan National Tourism Organization started taking statistics.
This has been a contention of mine for the past three years.  Once the U.S. dollar gained strength, the Japanese tourism industry would see an influx in American tourists.  The same goes with other countries whose currencies gained value against the yen.

Currently, I am running a pre-vacation season sale on The Monster Movie Fan's Guide To Japan.  Buyers now through June 8 can get it at a 20% discount.  Details here.

To read more, go here.

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