Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Tourists take photos of early flourishing of Sakura trees in front of a comfort store in Tokyo. In Tokyo, especially the varieties such as Sakura trees, especially in early March, in early March, the most common Yoshino cherry flowers in early March. Phenomenon, before the start of the main cherry blossom season, Tokyo’s city’s background shuts a gentle winter and concrete performance by offering a live pink spectacle against Tokyo’s city background.
Sopa Pictures | Lightrocket | Getty pictures
Foreign tourists have shown a great impact on Japan’s economic growth in recent years. At the same time, their impact was said to analysts, as the yen strengthened.
Tourists became the main driver of the reconstruction of the Japanese economy. Many are involved in the weakness in the newly left in shopping, entertainment, transport and a night.
What if the tide turns and if yen strengthens?
In recent years, travel expenses increased in Japan. Really contributed half of the tourism According to the Institute of 1.5% of Japan’s full annual GDP in 2023 and 1.4 percent of Japan, Mastercard Economy Institute
It records a dramatic change in the makeup of the world’s fourth largest economy. Tourism gave an average of 0.1 percentage points to GDP from 2010 to 2019 in the period of 1.2% of GDP growth growth in GDP.
Mei’s report showed that a weaker new new rejoicing is a more attractive shopping place. This is more tougher than other countries in the world, MasterCard’s Asia Pacific David David Mann, said he prefers to gain experience in practices as tourists go to a restaurant, concert or bar.
Japan has been one of the hottest travel trends in Asia. According to the Japanese tourism organization, the country saw Record 36.9 million visitors income For the year 2024.
Not only this, the tourists spent more, and in 2024 show that annual spending was held in 2024 in 2024 8.1 trillion yen high record ($ 54.06 billion), a year ago, the mass of 53.4% increase.
Among foreign travelers, the average individual spending to Japan increased by 6.8% to 227,000 yen. However, this may be in the opposite of some climate terms that provide the interest of higher tourism.
The higher domestic inflation has demanded the interest rate rates, unlike other major central banks that increase interest rates in Japan. This in turn triggered yen Strengthen five-month height against US dollars on March 11.
Japan’s developing tourism industry
Yujiro Goto, head of FX strategy for Japan Yujiro Goto, tourism against CNBC, Japan’s GDP growth will be negative.
The reason for this is that Yen weakness is one of the main reasons for the acceleration of incoming tourism. After that, an important assessment in the currency is expected to reverse this trend.
Yen, last time in 2025 height increased by about 7.2% compared to 2025, and engaged in the new 148.26.
A small appreciation in the historic decreased, “As $ 161 to 146 against US dollars, the trend cannot change,” he said.
Thousand Joo Kang, a chief economist for Japan and South Korea in the Dutch Bank in ing, also noted that the number of Chinese tourists still has the number of tourism to grow.
“The measures announced for the increase in the weekend to increase consumption may also support the higher salary growth and stimulate Chinese active markets and increase foreign tourism,” he said.
Beijing spread on Sunday Measures to increase the consumption, measures to increase salary, as well as between others and others to stabilize the stock exchange.
Weak tourism growth will definitely fall from a cliff in Japan’s GDP expansion. MasterCard’s mann is expected to increase contribution, strong labor market and salary from internal consumption in Japan.
This figure was taken on February 20, 2025, 634m-High (2,080 feet) shows Tokyo Skytree (L) from the train line in the Oshio area of the Japanese capital.
Kazuhiro Nogi | AFP | Getty pictures
Japan’s largest employee community has announced that it can provide averages last Friday 5.46% increase in salary The biggest increase in 34 years since April.
“Thus, tourism can be easily easier, but then the internal consumption can seize as a growth driver,” he said.
The Japanese new, İNG said that Kang will have a more positive impact on the domestic economy, will increase private consumption and services.
Tourism management
Goto, gradually in the inflation of power, gradually slow inflation, he said that there could be a real salary between local residents. This will help change the external expenditures of GDP to domestic costs.
In addition, when Goto is becoming a big problem in areas such as Kyoto of overourism, an external requirement is clearly supported for salary and the inflation that wants to achieve Boj is a positive feedback loop.
He also can “be considered” hotels, airports, etc. “, which can support the Japanese financial situation when managing tourism flows to higher taxes (hotels, airports, etc.) for foreign guests.”
Mann, saying that tourism has made a bigger contribution to anyone in the last two years, “will make an important contribution to Japan’s economy and be replaced with some strong contributions to domestic consumer expenses.”
“Yen weakness will probably be reverse this year, but it will be a period longer than turning in one or two months.” Added Mann.
