PeterRS Posted 1 hour ago Posted 1 hour ago I can't help wondering (useless exercise, I know) how much further the ¥ will fall against other major currencies. When I first visited 45 years ago, the rate was US$1=¥250. Over the next decade, the US administration worked hard on getting Japan to revalue its currency. By the time I went to work in Tokyo the rate against the dollar was about ¥159. By the time I left it was up to ¥121. It then hovered for quite a number of years reaching its all-time high of ¥76 in August 2011. Pre-covid it was around ¥110. Since 2022 it began its major decline. Great for visitors, though, as prices in the country are geared to the local population rather than tourists. And even for tourists, with the crash of tourism from mainland China, prices are amazingly low. Quote
