Dollar Tops ¥100 For First Time In Four Years; Great Time To Travel

As mentioned in the previous post, the dollar rose over ¥100 in early trading in Tokyo today.

The Huffington Post reported:

TOKYO — The dollar rose above 100 yen for the first time in more than four years Friday as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves to help revive Japan's moribund economy. 

The U.S. dollar rose as high as 101.18 yen early Friday in Tokyo. It was the first time since April 2009 that the greenback has traded above 100 yen. 

The weaker yen is a boon to Japan's major auto and electronics exporters. The government said the yen's fall signaled that Prime Minister Shinzo Abe's policy mix of increased public spending and aggressive monetary easing, dubbed "Abenomics," was proving successful. 

Reviving Japan's lagging economy has been Abe's top priority since he took office late last year.

A few weeks ago, I predicted that the dollar would soon reach ¥100.  It took a little longer than I thought it would, but finally it did.

This makes travel to Japan more affordable as well as Japanese goods.  So if you are on the fence about taking a journey to Japan, this should help you to make that decision much easier.

Source: Anime News Network.

Now through June 8, The Monster Movie Fan's Guide To Japan is available at a 20% pre-vacation season discount.  (This is through me and not through ComiXpress.)  Details here.

To read more, go here.