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Tuesday, June 9, 2015

Foreign Tourist Spending In Japan Rose 43% In 2014

Above, a barker announcing deals in a store in Shibuya. Photo by Armand Vaquer.

A "white paper" report on tourism to Japan was issued today, and it shows that foreign tourist spending in 2014 shot up 43%.

According to an article in The Japan News (Yomiuri Shimbun):
Spending by foreign visitors to Japan rose sharply in 2014, bringing certain gains to the Japanese economy, the government said in a report Tuesday. 
The 2015 white paper on tourism said spending by visitors to Japan last year — such as on shopping and accommodation expenses — shot up 43.1 percent from 2013 to ¥2.03 trillion, owing to rising incomes in many other Asian countries, the high quality of Japanese products, the yen’s weakness against other major currencies and improvements to Japan’s duty-free system. 
Spending by Chinese visitors accounted for 27.5 percent of the total consumption by foreign visitors as more Chinese tourists visited Japan for shopping purposes.
To read more, go here

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