Tourist Spending in Japan Reaches Record One Trillion Yen
- Chinese accounted for 47% of the spending in third quarter
- Slide in the yen, looser visa rules luring overseas vistors
The number of visitors rose to 5.35 million, up 54 percent from the third quarter of 2014, the Japan Tourism Agency said Wednesday.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Foreign tourists to Japan spent a record 1 trillion yen ($8.3 billion) in the three months through September as Chinese visitors -- encouraged by a weaker yen -- continued to splash their cash.
The number of visitors rose to 5.35 million, up 54 percent from the third quarter of 2014, the Japan Tourism Agency said Wednesday. Not only are more people going to Japan, but they are spending more, with the average person using about 187,000 yen per trip -- a rise of 18 percent.