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Friday, April 19, 2024

Japan prepares to open country soon to prevent economic poisoning from weak yen • Thumbsup

Seiji Kihara, deputy chief cabinet secretary, said attracting tourism money was the most effective defense against the yen’s depreciation.

In the past week, the yen fell to its lowest point against the dollar in 24 years, down as much as 1.7 percent.

For more than two years, Japan has banned foreign tourists from entering the country. to slow the spread of the COVID-19 virus. Even if it hosts the single-bred Olympics.

However, at the beginning of this month The number of foreign tourists allowed to enter the country has increased from 20,000 to 50,000 per day, eliminating the need to travel with guides.

including other reports Point out that the government has begun to lift all travel restrictions. to stimulate the economy from both the strengthening US dollar Because investors are wary of raising interest rates of the US Federal Reserve.

refer

BBC

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