Natsu Matsuri
The yen is weak. Experts have been predicting a strenghening yen for the last couple of years, and still predict that the yen will strenghten against the dollar in the long term. How about the short term? On January 18th the yen sagged to a near 4-year low against the dollar and near record lows against the euro. The Reuters article identified the culprit as The BOJ's decisiion to keep interest rates at 0.25 percent.
The yen is also cheap. As much as I enjoy living in Japan, I sometimes think of living in the U.S. These fantasies usually involve a house and it was during one of these reveries that I first heard of yen mortgages. Borrow dollars to buy your humble dwelling and you pay U.S. interest rates of about 6%. Borrow yen and your interest rate will be under 2%.I really started to merge with into my vacation once I hit the Big Island. One reason was frequent visits to this thermal pool near Pahoa after snorkeling or swimming in the ocean. We also met some interesting people here--a woman introduced herself to my wife and taught her to swim. No mean feat, since Nobuko has a natural distaste for water, especially if it's not contained in a swimming pool or onsen. It must have been the spiritual pull of the Big Island in combination with soothing temperature of the thermal pool.
Tired of the Waikiki Beach scene? Cheap (free if you have a JCB credit card) trolleys will take you on a loop that includes the duty free shops and the Ala Moana Shopping Center. Living in Japan always finds a stroll through a U.S. shopping mall enlightening, but next time I'm in Waikiki I'll check out the state capitol complex.