Not only is Japan is becoming a cheaper place to swill your favorite sake, according to new research it’s also becoming a more affordable place for companies to send workers.
Thanks to its dramatic currency depreciation in recent months, Japan has started to shed its former notoriety as one of the priciest travel destinations on the planet. Between September and May, the Japanese yen plunged by around 30% against the U.S. dollar. Tourists have responded enthusiastically in droves, with the number of foreign visitors coming to Japan jumping 26% in March over the year before.
Likewise, human-resources consulting company ECA International said Thursday that for the first time in three years its research found that Tokyo no longer claims the world’s title as the most costly place in the world to send workers from overseas. This year, the city was overtaken by Norway’s capital of Oslo, and currently ranks as the sixth-most expensive location for expat workers in the world.
Read the rest of the story: Japan Becoming Cheaper Place to Send Workers.