American tourists flock to Japan to take advantage of weak yen, strong US dollar

A strong US dollar, thanks to recent jumps in American interest rates, has raised the spending power of Americans abroad. US tourists have been flocking to traditionally expensive countries like Japan, keen to take advantage of the weak Japanese yen. Even as the US Federal Reserve and other global central banks have been raising interest rates to fight inflation, the Bank of Japan has maintained negative interest rates, making the country an attractive tourist destination for Americans.

• 2023-10-05T17:38:40+00:00
• Duration: 01:57

• American tourists flock to Japan
• News
• Japan
• Noticias
• strong US dollar
• Bank

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