CandleFocus A weak yen, skyrocketing food prices, and destructive tourism are ruining Japan — here’s how crypto can help
2024-10-23
Author: Content Editor
The article discusses the financial struggles faced by Japanese nationals and residents due to a strong US dollar, stimulus measures, and inflation. Prices of basic necessities such as rice, octopus, and lodgings have skyrocketed, making it difficult for people to afford them. The tourism industry is capitalizing on foreign visitors, leading to increased prices for accommodations and concerns about overtourism. Inflation and production costs have caused the price of rice to rise significantly. The article suggests that cryptocurrencies with limited supply can be a tool for Japanese residents to survive and regain control of their economic situation. It also mentions alternative means of trade such as community gardens, barter, and crypto-friendly online travel booking services. It highlights the benefits of cryptocurrencies, such as permissionless use, compared to fiat money.
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