"There is no limit to what a man can do or where he can go if he doesn't mind who gets the credit." - President Ronald Reagan.

Buy The Amazon Kindle Store Ebook Edition

Buy The Amazon Kindle Store Ebook Edition
Get the ebook edition here! (Click image.)

Thursday, March 28, 2013

Weakened Yen Boosting Japan Tourism


The weakening yen is causing a surge in foreign tourism.  I've maintained over the past several years that Japan's tourism industry would see a big rebound once the U.S. dollar regains some value when exchanged for yen.

Sure enough, according to an article in The Day.com:

Tokyo - Foreign visitors to Japan rose 33 percent last month to their highest on record for a February as a weakening yen boosted travelers' buying power. 
Arrivals increased to 729,500 in February, from 547,948 a year earlier, the Japan National Tourism Organization said in a report Friday. That's the highest for a February, according to tourism agency statistics going back to 1964.
Currently, the dollar buys around ¥94, this is slightly down from the earlier ¥96 yen of a week or so ago.  The decline is due to jitters over the monetary problems of Cyprus.

To read the full article, go here.

No comments:

Search This Blog