For a long time, the consensus has been that Japan is an expensive place. That was easy to go along with back in 1990, when Japanese investors had the money to buy overseas properties like the Pebble Beach golf course. Tales spread about 10,000 yen watermelons (which do exist) and many people assumed that even a brief stay in Japan would break the bank. There may have been some truth to that 30 years ago. But how costly is the country these days?
Well, it's a mixed bag. You still have goods and services that are as expensive as they were during the bubble years. But there's a growing basket of things that are becoming cheaper, either because of decades of deflation or due to low-cost competition. Let's break it down.
(More after the jump:)