Tourists Bring Japan First Surplus Since 1970: Chart of the Day
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Japan is poised for a record number of foreign visitors in 2014, attracted by a weaker yen and easing of visa rules, with spending by incoming tourists in April exceeding that by Japanese going abroad for the first time in 44 years.
The CHART OF THE DAY shows Japan recorded a net surplus in tourism revenue, a first since 1970, as the yen weakened about 16 percent against the dollar since Shinzo Abe became prime minister in December 2012. The lower panel shows total foreign tourists to Japan and the combined number from nearby Taiwan, Hong Kong, South Korea and China.