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Thursday, March 12, 2015

"Abenomics" Driving Japan Tourism

Above, the Fukuoka Yahoo! Dome. Photo by Armand Vaquer.

Business Insider is crediting the policies of Japanese Prime Minister Shinzo Abe for the surging tourism in Japan. They are crediting "Abenomics" for the boom.

They wrote:
Japan's tourism industry is booming, and it's one of the most successful parts of Prime Minister Shinzo Abe's growth strategy, according to researchers at investment bank Societe Generale. 
Visitors to the country more than doubled between 2011 and 2014 (Abe became Prime Minister again at the end of 2012).  
Abe's "Abenomics" policy has been made up of the Bank of Japan's massive quantitative easing scheme, along with easier fiscal policy. The policy has weakened the Japanese yen (an expected near-term outcome of the package), which in turn has made it cheaper for tourists.
To read more, go here.

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