"There is no limit to what a man can do or where he can go if he doesn't mind who gets the credit." - President Ronald Reagan.

Buy The Amazon Kindle Store Ebook Edition

Buy The Amazon Kindle Store Ebook Edition
Get the ebook edition here! (Click image.)

Saturday, January 9, 2016

Yuan's Slide May Dent Japan's Visitor Traffic

Above, the Hozomon gate at Senso-ji in Asakusa. Photo by Armand Vaquer.

Japan may be a little overly optimistic about their projection (or rather, hopes) of 23 million foreign visitors in 2016.

The highest number of foreign tourists who visit Japan come from mainland China.

The reason for the pessimism is that the Chinese yuan has slid against the yen, making vacations to Japan more expensive for Chinese travelers.

According to the Nikkei Asian Review:
TOKYO -- The yuan's slide against the yen could chill spending by Chinese tourists in Japan and dent visitor traffic, spelling weaker earnings for the retail, travel and hospitality sectors. 
The yen hovered around 17 to the yuan on Friday, after slipping as far as 20 in June. The yuan is 12% weaker now than then.
To read more, go here.

No comments:

Search This Blog