Reported 8 months ago
The devaluation of the Japanese yen has attracted a large number of foreign tourists to Japan, leading to a significant increase in tourism revenue for the country. However, this surge in tourism has also led to a hit in national pride as locals find themselves unable to afford certain luxuries that are now enjoyed by dollar-wielding visitors. The fluctuation in exchange rates has created a divide where wealthier foreign visitors can indulge in high-end experiences while many Japanese locals struggle with lower salaries and increasing costs of living. This disparity is causing concerns about Japan's economic position and future prospects.
Source: YAHOO