
They've just confirmed what we've already known and lived with the past year - that Tokyo now offers the most expensive living condition in the world. Moscow, the erstwhile top-ranked, now shares bridesmaid status with yet another Japanese city, Osaka.
When I arrived here, the US Dollar commanded a 1-110 exchange rate against the Yen (and for the residents, there was a time when it was 120 or more). Since middle of last year, the Yen has appreciated to at most 85. That's losing about 25,000 Yen every time one converts a thousand dollars. Add to the lesser value for the USD the fact that the cost of living skyrocketed by 13.1 % since 2008 and you get a painful double whammy!
Why does it matter to me? Because my allowance is pegged at the once mighty USD. So there goes my chances of saving something from what I'm getting here. Sigh.
People always advice me not to c0nvert values when I buy things here, but I can't help it. The pricing can be so crazy. Imagine a regular bottle of beer (e.g. the size of a San Mig Light) costing more than 500 pesos. That's the equivalent of one case in the Philippines! Bread that looks like our pan de sal sells at about 110 yen - more than 50 pesos each or the entire breakfast at home!
Yes, the salaries here are big compared to those of the other workers in the region. But whatever advantage that poses, such has dwindled tenfolds as the salaries have never really increased in recent years. Officially, Japan has been in recession since last year and there is yet no clear sign of things getting better.
Sigh. Another sigh...
When I arrived here, the US Dollar commanded a 1-110 exchange rate against the Yen (and for the residents, there was a time when it was 120 or more). Since middle of last year, the Yen has appreciated to at most 85. That's losing about 25,000 Yen every time one converts a thousand dollars. Add to the lesser value for the USD the fact that the cost of living skyrocketed by 13.1 % since 2008 and you get a painful double whammy!
Why does it matter to me? Because my allowance is pegged at the once mighty USD. So there goes my chances of saving something from what I'm getting here. Sigh.
People always advice me not to c0nvert values when I buy things here, but I can't help it. The pricing can be so crazy. Imagine a regular bottle of beer (e.g. the size of a San Mig Light) costing more than 500 pesos. That's the equivalent of one case in the Philippines! Bread that looks like our pan de sal sells at about 110 yen - more than 50 pesos each or the entire breakfast at home!
Yes, the salaries here are big compared to those of the other workers in the region. But whatever advantage that poses, such has dwindled tenfolds as the salaries have never really increased in recent years. Officially, Japan has been in recession since last year and there is yet no clear sign of things getting better.
Sigh. Another sigh...

































