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| Above, toys like these are made more expensive from the strong yen and weak dollar. |
The U.S. dollar is mired around 79 yen according to the news from The Daily Yomiuri.
They wrote:
The dollar lacked a clear direction around 79 yen in Tokyo trading Wednesday, before turning slightly weaker in the late afternoon in line with sluggish stock markets.
At 5 p.m., the dollar stood at 79.03-08 yen, against 79.02-03 yen at the same time Tuesday. The euro was at 1 dollars.2282-2282, down from 1 dollars.2286-2290, and at 97.08-11 yen, down from 97.10-12 yen.
How does Japan expect American tourists to flock to Japan when their dollars aren't buying enough yen to make the trip worth it? It isn't entirely Japan's fault that the dollar is so weak. The Obama economic policies (if you want to call them that) aren't helping the situation with over $17 trillion of debt piled up and high unemployment.
I was able to get 116 yen/dollar in exchange in 2007.
To read the full article, go here.
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