The number of visitors to Japan rose 24 per cent year-on-year to a new record for June, but spending per person fell as yen strength put the brakes on a massive tourism boom.
Average revenue per tourist fell 10 per cent in the second quarter as free-spending Chinese tourists — famous in Japan for their “explosive shopping” — find the renminbi in their pocket no longer goes as far.
Inbound tourism has been one of Japan’s biggest sources of economic growth for the past few years. The new numbers suggest that trend will continue but highlight the drag from a stronger yen.
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