Business Insider: Japan's Gains Are Losses For Everyone Else

Above, Tokyo's Hotel Asia Center of Japan.  The cost of hotel rooms have fallen 25%
in Tokyo during the past six months due to the fall of the yen.  Photo by Armand Vaquer.

Business Insider.com has an article on the devaluation of the Japanese yen.  The thrust of the article is that while the fall of the yen is good for foreign tourists, it is not good for anyone else.

One part of the article confirms what I have been saying of late:

The dollar cost of a hotel in Tokyo has fallen by a very significant 25% in just a half-year. I’m sure that many other tourist around the world will now consider Japan as a destination for a vacation. The devaluation of the Yen is working!

At present, the yen is around ¥99 per dollar exchanged in Tokyo.  I have to disagree with some of the article.  As the dollar has gained more value against the yen, this makes Japanese exports (such as cars) more affordable to U.S. buyers.  This should make export manufacturers happy.

Read more: http://www.businessinsider.com/japan-at-currency-war-2013-4