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

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.

"Even if the yen strengthens to the upper 130 yen range against the dollar, shopping and dining in Japan will remain cheap for visitors," Yoshio Murata, president of upscale chain Takashimaya, said in an interview with Nikkei.