Relaxing of Japan Border Controls Lifts Hopes for Tourist Stocks
- Airlines, rail shares rise on report on looser border controls
- Foreign minister confirms Japan looking to ease restrictions
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While Japan’s not yet ready to welcome foreign tourists back, prospects are finally looking up for stocks related to the country’s beleaguered travel industry.
Airline shares jumped Monday after the Nikkei reported Japan is considering allowing business travelers, exchange students and trainees enter the country from as early as this month -- the first relaxation of tight border controls since the start of the year. Quarantine for vaccinated Japanese nationals returning from business trips will also be reduced to just three days, the report said. Foreign Minister Toshimitsu Motegi later confirmed that Japan was looking to ease controls.