According to a Japanese economist, a sharp drop in tourists from the Chinese mainland could shave over one trillion yen (approximately $6.35 billion) off Japan’s economy this year 😮💸.
Japan’s tourism sector, already reeling from an economic slowdown, stands to lose significant revenue as fewer visitors from the Chinese mainland lead to empty hotel rooms, quieter attractions, and less spending in shops and restaurants.
"Tourism has been a bright spot for local businesses, so this sudden change poses real challenges," the economist said. "We’re looking at broad impacts that could ripple through regions dependent on visitor spending."
The projected loss highlights Japan’s reliance on tourists from the Chinese mainland and raises questions about how the industry will adapt to push through this setback.
For now, businesses and policymakers are bracing for a difficult year as they seek ways to recover from this hefty blow to tourism 😕.
Reference(s):
Drop in tourists from China to inflict heavy losses on Japan
cgtn.com
