Asia

Japan raises to 50,000 the number of tourists who can enter the country after a large devaluation of the yen

Japan raises to 50,000 the number of tourists who can enter the country after a large devaluation of the yen

Sep. 7 (EUROPA PRESS) –

Japan on Wednesday raised its daily inbound limit on tourist arrivals from 20,000 to 50,000 on Wednesday, after the country’s tourism sector has been languishing in the face of strict COVID-19 border controls imposed for more than two years and after the biggest loss in value of the yen in 24 years.

From this Wednesday, incoming travelers who have been vaccinated at least three times do not need to be tested for coronavirus within 72 hours before departure, according to the Japanese Kyodo agency.

The news came after the yen fell to the level of 144 against the US dollar, registering the lowest value of the Japanese currency in 24 years. A weaker yen increases the purchasing power of foreign travelers to Japan, with the value of its currencies, such as the dollar and the euro, rising against the Japanese unit.

Japan has lagged behind other major economies in opening its doors to incoming tourism following the COVID-19 pandemic.

Still, the world’s third-largest economy has shown few signs of a solid recovery, and Prime Minister Fumio Kishida’s government has been trying to spur growth by inviting more foreign visitors, who stand to benefit from a rapidly depreciating Japanese yen. , according to the aforementioned agency.

In November 2021, Japan banned all new foreign entries worldwide in response to the emergence of the highly contagious Omicron variant, drawing criticism both at home and abroad for its strict border control measures.

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