Right now would be a great time to travel to Japan since Americans could get much more yen per dollar if it weren't for Japan's crazy maze of rules for foreign tourists. Because of those rules, tourists are shunning Japan.
Bloomberg takes a look at why the yen is so weak.
They begin with:
The yen has weakened beyond 140 per dollar for the first time in almost a quarter century, mainly because Japan’s central bank is keeping interest rates at rock-bottom levels while the Federal Reserve and other central banks are conducting outsized rate hikes. Price growth in Japan is much cooler than in the US, and the Bank of Japan believes it needs to do more to cement inflation in the minds of consumers and businesses after years of deflation. The yen’s historic slide has both benefited and harmed the economy, businesses and consumers. The steepness of its fall raises questions over whether policy makers need to curb its decline through currency intervention or a change in BOJ policy.
To read more, go here.
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