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Monday, October 10, 2022

Japan Eager To Welcome Tourists Amid Weak Yen

Above, Akihabara electronics shopping district of Tokyo. Photo by Armand Vaquer.

Tomorrow is the day that Japan welcomes foreign tourists as in the pre-pandemic days.

The big change that the Japanese and tourists are eager for is the "cheap yen", which provides more purchasing power for tourists.

According to the Associated Press:

TOKYO (AP) — It’s hard to tell from his serious demeanor, but Akky International Corp. Chief Executive Hideyuki Abe can barely contain his excitement.

Foreign tourists are coming back, those big-spending visitors from abroad who used to flock into his colorful store in Tokyo’s Akihabara electronics district, its colorful shelves filled with watches and souvenirs like samurai swords and toy cats with bobbing heads.

Individual travelers will be able to visit Japan without visas beginning on Tuesday, just like in pre-COVID-19 times, and electronics stores, airlines and various tourists spots have big hopes for a revival of their businesses.

Japan kept its borders closed to most foreign travelers during much of the pandemic. Only packaged tours have been allowed since June. Meanwhile, the yen has weakened sharply against the dollar, giving some visitors much heftier buying power and making Japan nearly irresistible to bargain hunters.

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