Tourists take pictures of early prosperous sakura trees in front of a convenient shop in Tokyo. Sakura trees in Tokyo begin to bloom early, especially in late February, in late March, at the end of March, early February. Phenomenya is associated with soft winters and special varieties, which offer a pinkish-pedagogue before the start of the Tokyo city factory, before the start of the season flower season.
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Foreign tourists have had a great impact on Japan’s economic growth in recent years. However, their effect began to start strengthening yen, said experts.
Tourists became the main driver of the rules of the Japanese economy. Most of them were involved in the weaknesses of the Yen, it is trade, entertainment, transport and night.
What happens if the waves turn and strengthen yen?
Japan in Japan raised in recent years. Indeed, the input tourism has added half The total annual growth rate of Japan’s RP is 1.5% in 2023, and according to the annual increase in the annual increase in Japan, the MasterCard Economic Institute.
This means dramatic change in the makeup of the fourth economy in the world. Tourism has increased to an average of 0.1 percentage points to GDP until 2019, from 2010 to 2019, the average growth rate of Japan’s GDP was 1.2%.
Mei’s account showed that the weak yen had a point in which he was pleasing to Japan. This will be in a completely contrast from other countries around the world, according to the Chief Economist of the Pacific, David Mann, where tourists prefer to go to a restaurant, a concert or bar.
Japan was one of the hottest ways of Asia to the end. So many, According to Japan’s tourist organization, the country saw About 36.9 million visitors the whole of 2024.
Not only that, but the tourists also spent in 2024 with preliminary figures for the annual expenditures of international guests to Japan Have a high level of 8.1 trillion yen ($ 54,06 billion) to grow by 53.4% compared to one year.
Among foreign travelers, the average spent in Japan increased by 6.8% to 227,000 yen. However, some terms of cement, which supports these high tourism interests, may be inverse.
High internal inflation asked Japan to increase interest rates than other large central banks that reduce interest rates. This, in turn, was a trigger yen Strengthen up to five-month higher than the US dollar on March 11.
Japan’s developing tourism industry
Yujiro, Head of FX Strategy in Japan, the leader of the FX strategy for the nomista, said that it will be negative to CNBC and KNCK to increase the UPC.
This is because the ranging weakness was one of the main reasons to accelerate tourism. Significant gratitude in foreign currency is expected to restore this process.
Jan last time was traded in 148.26, 7.2%, about 7.2%, including 2025 to 158.87.
The little grateful in the historical ways in the yen, it may not be able to change the trend like “161 to 146 US dollars”, – said Goto.
Minister Joo Kang, Senior Economist of Japan and South Korea, senior economist, also sharing this opinion, and noted that the conveyor Turlete is growing, in particular, the number of Chinese tourists is growing.
“Measures announced to strengthen consumer consumption, as well as high salarity growth and stimulation of Chinese assets market. This can lead to an increase in Chinese Eastern tourism, “he said.
Beijing on Sunday Increasing consumption, salaries, as well as “several measures” to stabilize the stock market, are encouraged to stabilize.
The weak increase in tourism does not mean that Japan’s expansion exceeds the cliff. It is expected that the contribution of MANI MEI’s domestic consumption in Japan will take into account the growth of a strong labor market and salaries.
This photo shot on February 20, 2025 shows the train of Japanese capital Tokyo Skytri (l) from the trains of the Japanese capital.
Kazkhiro Nogi | AFP | Getty images
The largest trade union of Japan has declared averaged to provide an average of last Friday 5.46% wage size The largest increase in its 34 years since April.
“Therefore, tourism can be discounted, but then can take as an internal consumption driver,” he said Mann.
If the Japanese yen is grateful, Ing Kang should say that he will increase the domestic economy, personal consumption and services.
Tourism management
GOTO also said that the gradual efforts of the Yen could slow down inflation and improve real wages among domestic residents. This helps to transfer the share of GDP to internal costs.
Read more, when Goto Goto has a significant problem in the regions such as Kyoto, foreign demand supports positive support of salary and inflation, and a positive inflation cycle.
It can also be considered highly funds to foreign guests (hotels, airports, etc.) supporting the Japanese fiscal situation in the management of tourist streams. “
“Tourism” for the last two years of tourism will be bigger than for the last two years, and “Significantly added to Japan’s economy and remains a lot of strong depositors.”
“Yen weakness, maybe at least this year, but it will be more long-term process than turning for a month or two.” Mann was added.