Could it get worse? Maybe. Could I get better? Maybe. Personally I think it will stay about the same or get slightly worse. With New Zealand interest rates falling quickly investing in NZ dollars has lost its appeal.
The funny thing is, I was hoping to visit Japan next year too !! But I've decided to postpone my trip due to the credit crisis.
Regarding where to change money, most ATMs in Japan do not accept foreign ATM cards. However it is quite common for the machines at the Japanese Post Office to accept international ATM cards (those belonging to the Cirrus or PLUS interbank networks).
You could also consider travellers checks, they can be cashed at major hotels and banks. I recommend getting them denominated in yen, you can then avoid getting burned on the US dollar to yen conversion.
Japan is a cash based society, and relatively safe, so it is probably OK to carry a reasonable amount of cash with you. Paying by EFTPOS is not common in Japan like it is in New Zealand, so expect to pay for most things by cash.
Do NOT purchase traveler's cheques as they are extremely difficult to cash. Some hotels will cash them, but only if you stay there.
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