The yen has rebounded from near 164 to about 155-157 per US dollar after US-Japan intervention. Tour operators expect more Japanese to travel abroad on cheaper packages, with Thailand a favoured short-haul choice. TAT expects 1.1 million Japanese arrivals this year, roughly flat on 2025, and may raise that if the yen keeps strengthening. Impact is likely clearer next year because trips already booked. Thai travel businesses serving Japanese guests should plan for a gradual uplift, not an immediate jump. Thai outbound operators say the yen move will not hurt near-term bookings, but a longer strong yen could cut Thai travellers' budgets to Japan.