Photographer: Tomohiro Ohsumi/Bloomberg

Even Tokyo's Iconic Imperial Hotel Is Nervous About the Yen Surge

  • Average spending by foreign tourists is falling as yen gains
  • Imperial Hotel will focus on banquets and repeat guests

Tokyo’s Imperial Hotel, the luxury inn that counts Marilyn Monroe among past guests, raised room rates last year to levels it last charged before Japan’s bubble burst in the early 1990s. A surging yen now threatens those gains.

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