Fall of Yen Makes Japanese Goods and Japan Tourism More Affordable

Above, Ginza is expensive, but the yen's fall makes it less so.  Photo by Armand Vaquer.

The fall of the yen is making Japan vacations and Japanese goods more affordable.

KRISTV.com from Corpus Christi, Texas has an article on this subject.  It reads in part:

When the yen's value falls, many Japanese goods become less expensive worldwide. Toyotas become cheaper in Germany, the United States and South Korea. So do Sony electronics. For tourists, Tokyo doesn't cost so much to visit. 

By contrast, goods made in Europe, Asia and the United States become pricier compared with Japanese products. And as sales of Japanese products grow, Japan's economy benefits.

At this time, one dollar buys 102.50 yen.  Contrast this with what the dollar bought just one year ago: 79 yen per dollar.

The article continues:

Thanks to the yen's fall beginning in late 2012, the number of visitors to Japan rose 18 percent in the first three months of 2013 to 2.3 million. Japan Tourism Agency officials say the dollar's rise against the yen is a key reason.

To read more, go here.