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Yen Plunge: Tourists Win Locals Lose | Business and Finance News
Description
The Japanese yen hits a 40-year low, turning Japan into a budget paradise for overseas tourists—but at a cost. While travelers enjoy deeper pockets and more souvenirs, Japan’s economy reels as imported goods spike in price, squeezing everyday consumers. Tourism thrives, but locals feel the pinch. The Bank of Japan fights to stabilize the yen, but global trends make recovery tough. It’s a bitter-sweet economic twist: tourists win, locals lose—until Tokyo figures out how to balance the scales.
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