I am in Tokyo now, I was here same April 2023. I can tell you domestic economy is definitely better than a year ago. But using US$ in Japan is still so inexpensive. For food and restaurants are about half of the prices that I have to pay in San Diego, CA. The food here in incredibly good! Hotels cost is a different matter. So many foreign and domestic tourists. I was in Japan in 1980s too, my wife’s family lives in Tokyo. It was the most expensive city in the world back then. The difference is night and day. I also visited Toyota museum near Nagoya where its HQ is. I can tell it doesn’t look good with pressures from Chinese auto industry. But I have no doubt that Japanese people can still live well because they are hard working and dedicated to what they do. Just may not have the luxury for other things.
@@user-bb9mf3gc8i Globalization is inevitable, no country can do well without it. The question is how a country manages its internal financial matters. I was in mainland China for 9 days a couple of weeks ago. And I was surprised how inexpensive is there for me from SoCal. One thing for sure, both countries make exports more favorable.
