The Yen's Weakness

Japanese media are reporting that the yen has hit a 37-year low against the US dollar, falling to 160.4, a level not seen since Japan's so-called Bubble Era. This is great for: exporters and international tourists. But I can tell you that it's not brilliant for those who live in resource-poor Japan and rely on imports: foodstuffs and energy, to name just two. Not to mention the cost of trips overseas (for someone like me) to visit family and friends.