Japan's April travel balance surplus decreased by 25.2% year-on-year

robot
Abstract generation in progress
The Ministry of Finance of Japan released the international balance of payments statistics report on the 8th, showing that Japan's tourism balance of payments surplus in April was 546.5 billion yen (approximately 160 yen to 1 US dollar), a year-on-year decrease of 25.2%.
Data shows that in April, foreign tourists visiting Japan spent 767.2 billion yen, a year-on-year decrease of 17.9%.
Japanese tourists' overseas spending was 220.8 billion yen, an increase of 8.2% year-on-year.
Previously, the Japan Tourism Agency released data indicating that the number of foreign visitors to Japan in April decreased by 5.5% year-on-year.
In addition to a significant decline in visitors from mainland China, tourists from Europe and the Middle East also decreased noticeably.
Analysts believe that ongoing Middle Eastern conflicts have led to the suspension of some international flights, affecting travel from Europe and the Middle East to Japan.
Furthermore, rising oil prices have driven up airline fuel costs, with many airlines increasing fuel surcharges, which may further suppress demand for long-haul international travel and put pressure on Japan's tourism industry. (Xinhua News Agency)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned