The soaring yen has been a boon to international travelers and currency traders in Japan.
Even before the yen started to surge, the power shortage in Japan had resulted in companies giving their employees longer summer vacations. What used to be “Cheap, close, short” has become "Cheap, close, long," according to one travel agent in Tokyo.
Furthermore, there has been an increase in people demanding cheap currencies. An employee at a currency exchange told TBS: "We have stocked up more than usual, but there are so many customers, that as soon as it (the dollar) comes in, it is immediately sold out. Phone calls and inquiries keep coming from customers, so it seems like the current condition will continue for a while."
Foreign currency deposits have exploded. According to a Shinsei Bank report, compared to June, U.S. dollar account balances have increased fivefold.© Japan Today