Servicemembers to see COLA jump 6 points at most locations in Japan

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Servicemembers to see COLA jump 6 points at most locations in Japan
By Jennifer H. Svan, Stars and Stripes
Pacific edition, Wednesday, April 2, 2008

Good news and bad news for U.S. servicemembers and government civil employees in the Pacific.

Depending on whether you buy goods off base with yen or won, your disposable income is about to expand — or shrink.

While tax-free allowances to offset the cost of living overseas for active-duty and civilian workers in Japan climbed considerably this weekend, they took a dive in South Korea.

The fluctuations are tied to local exchange rates, according to military officials.

In Japan, the U.S. dollar continues to hover below 100 yen, meaning it takes more dollars to buy goods and services off post.


Rest of article at: http://www.stripes.com/article.asp?section=104&article=53742