Japan cheap even at high 130 yen range to dollar: Takashimaya CEO

Department store head says sales to foreign tourists to rise 24% this fiscal year

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Pedestrians walk past a Takashimaya department store in Tokyo. (Photo by Makoto Okada)

MOE SAITO, Nikkei staff writer

TOKYO -- Japan's department store sector is soaring on strong demand from wealthy consumers and foreign tourists drawn to the country by the weak currency, now hovering in the upper 150 yen range to the dollar.

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