This month, Hideo Kumano, chief economist at Dai-ichi Life Research Institute, warned that if the current state of relations between Japan and the Chinese mainland persists for more than a year, Japan could lose over ¥2 trillion ($12.8 billion) in Chinese tourist spending. ✈️💸
Chinese visitors have long been among the top spenders in Japan's vibrant tourism market. A drop of this scale could ripple through popular destinations like Tokyo, Kyoto and Osaka, affecting hotels, shops and local tour operators.
"Such a steep decline would deal a huge blow to Japan's tourism industry," Kumano said, pointing out that recovery relies not only on travel promotions but also on smoother diplomatic ties.
For professionals and entrepreneurs, this forecast highlights how geopolitical tensions can shape market outlooks. Students and researchers will be watching any shifts in bilateral talks, while travelers keeping an eye on future holiday plans may need to adjust their itineraries.
With major travel seasons coming up, the clock is ticking: if diplomatic efforts don't ease tensions soon, the tourism sector may face a long road to recovery. 🌍
Reference(s):
Japan set to lose 2 trillion yen from tourism: Japanese economist
cgtn.com
