Japan rides huge, income-boosting tourism boom with a weak yen
Tokyo
THE number of tourists and other foreign visitors to Japan leapt dramatically last year, as did their total spending in the country, putting tourism on a par with motor-vehicle parts exports in terms of its contribution to Japanese national income.
A total of 19.7 million people - overwhelmingly from Asia - visited the country, up by 47 per cent from 2014 and very close to the 20 million annual target the government had set for 2020 when Tokyo is due to host the summer Olympic Games.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons