Japan Visitors Set New Spending Record

Above, the Hozomon Gate at Asakusa's Senso-ji temple. Photo by Armand Vaquer

Thanks to the weak Japanese yen, tourist spending in Japan has reached record levels. 

Reuters reported:

TOKYO, Oct 16 (Reuters) - Visitor spending in Japan broke an annual record in just nine months, official data showed on Wednesday, demonstrating the economic power of a tourism boom fuelled by the weak yen.

Travellers spent 5.86 trillion yen ($39.27 billion) through September, preliminary figures from the Japan National Tourism Organization (JNTO) showed. That eclipsed the 5.3 trillion yen spent in all of 2023, a record for any 12-month period.

The current exchange rate between the U.S. dollar and the Japanese yen is 1 USD = 149.92 JPY.

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