NewsBite

Why anger is rising over Japan’s ‘dangerously’ weak yen

Jessica Sier
Jessica SierNorth Asia correspondent

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Tokyo | Ryohei Kim is furious at the Bank of Japan, although it’s not interest rates that have raised his ire. The 31-year-old blames the central bank for the plummeting yen that has decimated his beloved vintage video game shop.

An explosion of overseas tourists are taking advantage of the weakest yen in 34 years. Some have flocked to his shop in Tokyo’s Akihabara district, famed for being at the heart of Japan’s otaku – or diehard fan – culture. With boosted buying power, they have stripped the shelves of retro games.

Loading...
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Asia

Fetching latest articles

Most Viewed In World

    Original URL: https://www.afr.com/world/asia/why-anger-is-rising-over-japan-s-dangerously-weak-yen-20240429-p5fndb