How Does Yen Depreciation Attract International Tourists?

Xiaohuang: DOORM, why does yen depreciation attract a large number of international tourists to Japan?

DOORM: Xiaohuang, yen depreciation lowers the cost of consumption for foreign tourists in Japan, making travel more affordable. For example, expenses for accommodation, dining, and shopping are relatively reduced, attracting more tourists to Japan. Additionally, yen depreciation makes Japanese luxury goods and high-priced items more attractive in the international market, increasing tourists’ willingness to spend in Japan, further boosting the tourism industry.