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
Yes, it does, but it’s only a factor among many.
Exchange rate’s strength benefits different part of the economy of a country.
Tourism and exports benefit from a lower exchange rate since your goods are cheaper
Imports suffer from the opposite reason and especially energy related products since oil is priced in US$ everywhere
For exemple , price of Japanese LNG imports ( and Asian LNG in general) is largely indexed on the Oil Barrel price
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