Japanese yen now hits 119.xx per Singdollar

As of 4th July 2024 11:08am, the Japanese Yen is now at 119.33 yen per SGD, which is an all time historical low against the Singapore Dollar. The cheaper yen nowadays means more Singaporeans can easily travel to Japan compared to before. I remember one of my colleagues at work saying that back when he was in Japan in circa 2008/09, it was more expensive as the rate is around 62yen to S$1.

However, the weak yen had also been blamed by locals because of an increase in overcrowding in tourist attractions in Tokyo and Kyoto, as well as poor behavior (i.e., disrespecting the locals and their culture) from the tourists. Also, the weak yen mean that the Japanese are now feeling the pinch when they travel abroad, especially to Europe or the US. See twitter post below for example:

円安のなにが嫌って、馬鹿なうるさいど底辺、観光客が増えるから。 pic.twitter.com/GVjZZwjXgr

— Muay Thaiコサック (@ahoy_cubism) April 13, 2024