You've got 700$ for seven days? Umm... have you done any math for this trip yet?
Let's do some quick math. Okay, the cheepest place I've found to stay in Osaka was about 2500yen a night. Say you get that place. 5 nights? Theres about 125$ Maybe you happen to get hungry on your trip. let's say 1000yen a meal, (and don't even think about going to a regualar restaurant in Osaka (which is WORLD FAMOUS for it's food) , or getting drinks with dinner) for 1000yen, I'm talking about street vendors and convience stores and Kappa Sushi). Lets say you want to eat 3 times a day, 21 times @ 1000yen is about 210$, yeah? So now that lodgings and food is taken care of you have a whopping 355$ to burn. OH WAIT! I forgot the train to Osaka or the night bus. If you get the rail pass you'll be cool (unless the money you buy the rail pass with comes out of the 700$ spending bonanza). If so, at this point, you're about out of your 700$. You have no more money for admission to anything (Osaka Castle, Nara, Himeji or Himeji castle), transportation such as taxis, trains or busses in Osaka. Your nightlife expirince will consist of walking around drinking hoposhu watching other people in bars, music livehouses, and night clubs having fun. But lets say you you can get a round trip night bus from Narita to Osaka for 100$ (I don't know the price off hand but I think that's about the cheepest you can go) So Now were at 255$, 7 days, split that up... that's about 3600yen a day for (as I mentioned before) Souvineers, nightlife, sightseeing, basic travel around town.
I don't mean to burst your bubble, but you are realistically looking at going to a forigen country and DEFINATLY running out money mid way through your trip.
My suggestions:
If you're going to do Japan, do it right. There's so much great stuff here to see and do, It would really be a shame if this was the one time you visited and couldn't do anything. The Sightseeing is great, you have to expirience Kareoke (at least) once. Osaka is such a food and entertainment town, you should get some some sushi done right, you should really be able to enjoy the food. There's a great music scene in Osaka that should be checked out, there are night clubs. You might want to visit a pachinko parlor just so you can tell you're friends back home you did it.
Scrap the trip or bring more money.
If you do scrap the trip, go to South East Asia instead. I just got back from Vietnam and Cambodia and it was awsome and DIRT CHEEP. 5-10$ hotel rooms, 3-5$ meals (4 courses, and like 3 beers) You could take a night bus (10-12 hour ride) for like 9$. You could do 2-3 weeks in Cambodia or Vietnam for 700$ NO PROBLEM. Japan is an expinsive country.
Otherwise, seriously, running out of money on a trip is NO FUN trust me, I've done it plenty of times.
If your flight is booked and you can't bring anymore money, hit me up sabolbrigg@yahoo.com and I can give you a few tips that might save a few yen, here and there.
Good Luck!!!
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