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18 Jan, 2016

Foreign tourism emerges as bright spot amid Japan’s dim economic prospects | The Japan Times

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. Koichi Haji, managing director of NLI Research Institute, says the “effect in buoying economic sentiment is big.”

Read the rest: Foreign tourism emerges as bright spot amid Japan’s dim economic prospects | The Japan Times