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Yen Depreciation: Travelers to Japan Can Save Money by Using Mobile Transit Cards

Yen Depreciation: Travelers to Japan Can Save Money by Using Mobile Transit Cards

With the depreciation of the yen, the exchange rate at Taiwan Bank reached 0.2185 on May 2. For those planning to travel abroad, using a mobile app to recharge Japanese transit cards is a worthy consideration. Travel experts point out that this not only saves on currency exchange fees but also offers cashback with certain credit cards. Additionally, due to the impact of U.S. tariffs, group travel has decreased by 40%, prompting airlines to release discounted tickets, with round-trip flights to South Korea now as low as 4000 TWD.

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In Taiwan, using a mobile app to recharge Japanese transit cards provides convenient access to public transport and shopping, with the recent depreciation of the yen offering even greater savings. The exchange rate on May 2 allows for an additional 33,365 yen for every 100,000 TWD compared to the peak on April 22. Travel expert Uncle Jesse suggests purchasing foreign currency in smaller amounts, and leveraging credit card rewards to recharge transit cards, thereby reducing expenses.

Transit cards like Suica and ICOCA have a recharge limit of 20,000 yen per card, but some users have reported being suspended from use due to overcharging. These cards can be used for travel as well as purchases at convenience stores and department stores, benefiting from avoiding exchange rate risks. Moreover, spending 5,000 yen still qualifies for tax refunds, but users should be cautious of overseas credit card fees. In addition to shopping, the prices of tickets are also decreasing; the number of flights has now recovered to over 90% of pre-pandemic levels, but full recovery has not yet been achieved.

According to travel consultancy Chen's Big Eats and Travels, the group travel market has shrunk by nearly 40%, leading travel agencies to release many unsold packages to minimize losses. The ongoing U.S. tariff war is influencing the travel market's demand, exacerbating the appearance of discounted tickets. Last-minute deals are emerging, making it a good time for travelers.

Uncle Jesse also noted that the demand for Japanese routes remains strong, and depending on future demand, prices may stabilize in the coming period.