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Falling yen keeps Tokyo among the world’s cheapest major cities

MarketWatch points to Tokyo’s relative affordability following a prolonged decline in the Japanese yen over the past 15 years.

Reported · Written up by our desk · Asia

After about 15 years of relative decline, the Japanese yen’s continued weakness has made Tokyo one of the world’s cheapest major cities, according to MarketWatch.

The outlet attributes the shift in affordability to the yen’s ongoing fall, which affects the cost of goods and services for visitors and investors using other currencies.

For now, the yen’s weakness is still acting as a key driver keeping Tokyo priced below other major global capitals, MarketWatch said.

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