Deep Dive from The Japan Times cover image

132: Japan reopens its borders. Are tourists ready to return?

Deep Dive from The Japan Times

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Holiday Season in Japan

The yen was trading at approximately $105 to the US dollar as recently as February. It hit a 24 year low at $146 yen to the dollar due to the Russian invasion of Ukraine. The weak currency in the Russia-Ukraine conflict also affects us in the form of inflation. Japan buys a lot of goods from overseas and is having to raise prices here. Then finally, Japan's airports and airlines are kind of out of practice.

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