TOURISTS IN JAPAN flocking - Record number of tourists visiting Japan due to the weakness Currency Yen
The yen slipped to its lowest level against the U S dollar in almost eight years on Wednesday to 123 per dollar, continuing a dramatic decline since Prime Minister Shinzo Abe took office in December 2012.
Here is a look back at some of the ups and downs resulting from a weaker yen sharply, as reported by Japan in real time.
Tourists at Sensoji Temple in Tokyo Bloomberg News.
Golden week alluvial tourists recently Affordable Japan 2 May 2013 The weaker yen is transforming Japan's reputation as an extremely expensive place to visit, turbocharging the tourism industry of the country, which has long been identified as an engine potential growth for the economy maturing with the dollar now go look nearly 100 against under 80 in November foreign visitors jumped, along the sidewalk Japanese travel abroad and to make more home visits.
Japan Rakes in income from abroad, and weak yen helps November 11, 2014 In the 1980s and 1990s, the trade surpluses of Japan drew the ire of US and European companies now weaker yen helps build the nation record surpluses almost a different Although Japan's trade balance slipped into the red, the weaker yen pushes up the value of large investments abroad in Japan measured in yen This is a sign of Japan has changed to an export plant at an investment power, economists say.
South Korea Next Export Cuts Worry prices in Japan April 23, 2015 The South Korean exports are slipping as Japan s are rising, as the weak yen has made Japanese products more competitive in the global situation could get worse for south Korean exporters if Japanese companies start to cut prices more aggressively dollar to gain market share abroad, said Ronald Man, a Hong Kong-based economist at HSBC many Japanese companies have avoided this approach so far, preferring to book higher profits.
Visitors with Mickey Mouse at Tokyo Disneyland Reuters.
Tokyo Disney Resort Reigns as cheaper Disneyland April 27 World 2015 Tokyo Disney Resort's Japan is now cheaper Disney World theme park, thanks to a weaker yen visitors can spend a day at one of the Tokyo Disney Resort s both Tokyo Disneyland and Tokyo DisneySea parks for 6,900, or 58 00, against 99 for a park at the Disneyland Resort in California and 75 in France If the yen peaked postwar 75 31 against the dollar in 2011 a trip to the park would have cost about 92.
Weaker Yen Ups Cost of the small pleasures of life May 2, 2013 What is the Danish stools, sesame oil and toilet paper have in common all three have got a little more expensive in Japan as the yen weakens the currency near a four-year low against the dollar and a three-year low against the euro, prices of imported goods and raw materials increased rapidly which has forced companies like retailer Otsuka furniture Kagu deploy their strongest price increases since 2007, when the yen began a historical period of strength that held import prices down.
The containers at a port in Tokyo Agence France-Presse Getty Images.
Hollowing Japan means Weaker Yen Not Help Many February 4, 2014 Japanese exports aren t as hard as you might think, despite the sharp decline of the yen over the past year, showing how a hollowing of the base industrial has hurt revive growth through more aggressive monetary easing weak currency by the Bank of Japan over the past year has led to a sharp fall of the yen against its major counterparts This has increased the value of exports , which jumped 15 3 December from the same month a year earlier, however, the actual export volumes were largely static because companies have chosen to keep prices abroad without change, the choice increase profits instead of trying to expand market share Meanwhile, imports jumped from 24 7 December than a year earlier.
Data show smaller companies succumbing to weak Yen October 8, 2014 Policy makers and business leaders are hotly debating whether the weak yen is positive or negative for the economy of Japan The latest bankruptcy data show for many small businesses, the impact was more than just negative While the total number of company bankruptcies hit a feeble 24 years for les six months to September, suggesting Japan business in partly helped by the public works spending, further examination of the data shows that the number of bankruptcies companies caused by factors related to the weakness of the yen is rising rapidly.
Employees of a foreign exchange trading company hold near monitors displaying exchange rates Reuters Wednesday.
Councilor Abe says dollar to 125 yen Would make him Nervous November 14, 2014 Japanese Prime Minister Shinzo Abe has kept tight-lipped about further slide in the final weeks of the yen, which led many to wonder if he was happy with the movement but an economic adviser close to Abe suggested that the yen now is not so far levels, the government might consider too low if it goes to 120 yen to the US dollar, that will make me think, Etsuro Honda, the one of abenomics architects, said in an interview with the Wall Street Journal well, about 120 levels may be acceptable, but if it weakens as much as 125, that would make me a little nervous, make me stop and think, is this he said.
Low Yen Good News and Bad News Japan Real Time, small, good news.