Tourist Invasion in Japan: Advantageous Holiday Opportunity with Yen Depreciation

Japan Faced a Tourist Boom

Japan has been flooded with tourists due to the unstoppable depreciation of the country’s currency, the yen. Visitors from abroad enjoyed Tokyo with the advantage brought by the exchange rate difference.

Advantageous Holiday Opportunity

Japan, which has not dropped from the agenda with the unstoppable depreciation of its currency, the yen, faced a tourist boom. Millions of visitors from European countries, the United States, as well as many Asian countries, made the tourism sector smile in Japan. While the historical district of Tokyo, Asakusa, experienced tourist density, visitors enjoyed the taste of the giant metropolis with the advantage brought by the exchange rate difference.

Foreign Visitors’ Comments

• Fatma Yildiz: “It is worth visiting here for those who earn money in Europe. Since our currency is valuable, it is not too expensive here.”
• Justin Carl: “The low value of the Japanese yen is an advantage for us. We were already planning to visit Japan as it was our dream. However, spending Canadian dollars is advantageous here at the moment.”
• Ella Johansson: “The increase in the value of our currency here is very good for me as a tourist.”
• Ashley Wu: “Due to the cheap Japanese yen at the moment, a large number of visitors are coming from abroad. We are happy because our customers have increased.”

Monthly Visitor Record Broken

The Japan National Tourism Organization (JNTO) announced that the number of foreign visitors to the country reached 3.08 million in March, an increase of 69.5% compared to the previous year, breaking the monthly visitor record. Experts had stated that one of the reasons for the increase in the number of tourists was the depreciation of the yen. The Japanese yen recently fell to 160 yen against the US dollar last Monday, reaching the lowest level in 34 years.