Japan could lift cap on foreign tourists to lift economy

Japan could lift cap on foreign tourists to lift economy
Young man at Akihabara electric town, street view, Tokyo, Japan. Getty Images

Japanese officials may further relax border controls intended for foreign travellers in order to boost its economic climate, local reports say.

Deputy Main Cabinet Secretary Seiji Kihara told nearby TV a vulnerable yen was “most effective in attracting inbound tourism”.

The particular yen slid in order to its lowest point against the US money in 24 yrs last week, dropping just as much as 1 . 7 %.

He mentioned a cap on daily entries might be lifted in the “not so distant future”.

Japan has banned most foreign site visitors for the last two years amid measures to slow the spread of Covid.

Last year, overseas visitors were even banned through the delayed 2020 Tokyo Olympic Games.

However earlier this particular month the number of foreign tourists allowed to enter the country was raised in order to 50, 000 daily from 20, 1000, and tourists had been no longer required to traveling with a guide.

Various other reports suggest the government may scrap the particular daily cap on arrivals altogether.

The US dollar has gained strength against additional currencies as investors keep a watchful eye on the Government Reserve’s interest rate outdoor hikes.

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