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Wednesday, October 21, 2015

Tourist Spending Reaches Record In Japan

Above, the Asakusa section of Tokyo with the Skytree in the background Photo by Armand Vaquer.

The latest Japan tourist numbers and their spending is continuing to rise, thereby taking up some of the slack caused by Japan's anemic economy.

According to Bloomberg:
Foreign tourists to Japan spent a record 1 trillion yen ($8.3 billion) in the three months through September as Chinese visitors -- encouraged by a weaker yen -- continued to splash their cash. 
The number of visitors rose to 5.35 million, up 54 percent from the third quarter of 2014, the Japan Tourism Agency said Wednesday. Not only are more people going to Japan, but they are spending more, with the average person using about 187,000 yen per trip -- a rise of 18 percent.
During our recent trip to Japan, we spent around $5k (we did our fair share in pumping money into the Japanese economy) during our eight days in the country. Since most of the trip was to gather material for the upcoming updated edition of The Monster Movie Fan's Guide To Japan, much of it can be written off during tax time.

To read more, go here.

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