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| Above, a Himalayan cedar tree planted by former President U.S. Grant at Zojo-ji temple in 1879. Photo by Armand Vaquer |
The Japan Daily Press has an article on Japan's recovery from the 2011 disasters.
Much of what they wrote about has already been discussed here. But the final paragraph caught my attention as it seems to fly in the face with recent trends concerning the exchange rates between the yen and foreign currencies.
Granted, the dollar has slipped a bit this past week to about 96 yen, but this appears to be temporary and not long term.
The article stated:
However, there is still a sector of international tourists that are afraid to visit the recovering country because of the still high risk of more natural disasters in the next few years. The yen is also expected to rise in its overall strength which means that it will slowly become increasingly expensive for tourists to visit Japan year after year.I highly doubt that the yen will rise in its overall strength as Prime Minister Abe's policies take more effect on the Japanese economy. The dollar should stabilize at around 100-110 yen. If it doesn't, that would shoot down Japan's tourism goal of 25 million visitors by 2020.
To read the full article, go here.
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