
20/03/2025
🌏✨ *Japan’s Tourism Boom: A Double-Edged Sword?* ✨🇯🇵
Foreign tourists have been a *game-changer* for Japan’s economy, driving growth like never before! 🚀 In 2024, a record 36.9M visitors spent a whopping 8.1 trillion yen ($54B) 🛍️🍣, contributing *half* of Japan’s GDP growth! But here’s the twist: as the yen strengthens 💹, will the tourism tide turn? 🌊
While a weaker yen made Japan a shopping paradise 🛒, rising inflation and interest rates could shift the focus to domestic spending 💼. But don’t worry—Japan’s strong labor market and wage growth 📈 might just keep the economy thriving! 💪
Will tourism ease off, or will domestic consumption take the lead? 🤔 Let’s see! 👀