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| Above, the Asahi Beer Hall in Tokyo. Photo by Armand Vaquer. |
The Japanese economy has been in the doldrums for the past several years. But the surge in foreign tourism to Japan has been its one bright spot.
The Japan Times takes a look at how foreign tourism has boosted the Japanese economy, particularly within the tourism industry.
They wrote:
With few positive signs of recovery for Japan’s slumping economy, foreign tourism remains a sole ray of hope, and tourism authorities, local governments, industry players as well as retailers are eagerly awaiting another possibly record-breaking surge in Chinese tourists during next month’s Chinese New Year holiday.
Though economists say a tourism boom alone won’t bail the country out of its economic plight, they do see it having a positive impact.The article says Japan is "tantalizingly close" to achieving its goal of 20 million tourists by the year 2020. The figures for 2015 have not been released, but the numbers are definitely in the 19 million range.
To read more, go here.
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