Presently, every greenback is exchanged for 146.86 yen, the bottom degree since 1998. Within the context that Japan is welcoming overseas vacationers by eradicating all anti-epidemic obstacles from 11.10. With the present yen trade charge, going to Japan and searching for Japanese items at the moment is extraordinarily helpful.
Hideyuki Abe, CEO of Akky Worldwide Corp can’t comprise the joy that overseas vacationers are returning to Japan. Excessive-spending guests usually come to his store in Tokyo’s Akihabara to purchase costly watches and souvenirs corresponding to samurai swords, fortunate cats, and so on.
Ranging from 11.10, guests can come to Japan on their very own and not using a tour. Due to this fact, it’s forecast {that a} new wave of tourism will return to Japan after the pandemic, and this is a chance for airways, journey businesses, eating places, procuring facilities… to recuperate quickly, in keeping with ABC Information report.
Vacationers take photos on the commentary deck of Roppongi Hills Mori tower, Tokyo
Japan has closed its borders to guests for greater than two years in the course of the pandemic, and solely bundle excursions have been allowed into the nation since June this 12 months. In the meantime, the yen has weakened strongly in opposition to the US greenback and plenty of different currencies on this planet, giving guests the chance to buy closely when touring to Japan and deciding to return to Japan additionally takes place extra shortly.
Abe’s retailer had 50 workers earlier than the epidemic, however needed to lay off all of them since 2020. “I’ve been making an attempt to carry on and I’m nervous about the place to seek out workers,” Abe stated. To serve guests from all around the world, Abe’s retailer has workers who converse a number of languages, together with Vietnamese.
Abe has skilled many troublesome durations in Japan’s tourism, together with the nuclear catastrophe at Fukushima in March 2011, when the yen was stronger in opposition to the US greenback, making Japan a particularly costly vacation spot.
In 2011, the greenback was price 80 yen. Final 12 months, the greenback price 111 yen. It’s now once more at an almost three-decade excessive of about 146 yen. It’s a possibility for tourism, Abe stated. In accordance with Goldman Sachs, a weak yen might elevate vacationer spending in Japan by 32%.
Autumn scene in Amaori prefecture
For Vietnamese vacationers, a weak Japanese yen is a greater alternative to discover the nation. For instance, by the tip of 2021, it could take Vietnamese folks 2 million VND to get 10,000 yen, however now, it solely wants 1.6 million VND. Thus, the Japanese vacation spot is not as costly as earlier than the pandemic, in keeping with journey businesses, is a chance to stimulate Vietnamese vacationers to purchase excursions for the upcoming autumn and winter. Procuring in Japan can also be extra reasonably priced for Vietnamese prospects.
From 11.10, on the similar time, you possibly can go freely with out going by way of a journey company or following a tour. In 2019, half 1,000,000 Vietnamese folks got here to Japan, and within the first eight months of this 12 months, 160,000 folks.
In 2019, Japan welcomed 32 million overseas vacationers and tourism contributed 7% of GDP to the nation’s economic system. Presently, main Japanese airways corresponding to All Nippon Airways and Japan Airways are rising flights to satisfy higher-than-expected demand.
