The Japanese Yen keeps tumbling, and there’s a lot of factors that go into that. But shouldn’t the massive number of people visiting Japan and buying yen help boost their currency?
In: Economics
What you’re suggesting would only really help if people were buying the money to *keep* it. But since people are buying it and then immediately spending it, the supply isn’t getting smaller. and, while it might seem like the demand is going up, because they’re not keeping that money, it isn’t really.
Now the wider economy is much more complex than that, and tourists coming in and spending money in the country will be good for the economy for a variety of reasons, and have a number of other impacts. Those impacts will then also affect the overall value of the national currency etc ect. But specifically the purchasing of Yen by tourists won’t be doing much if anything.
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