Declining foreign visitors will cause catastrophic damage for Japanese economy

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According to the Japan Tourism Bureau, foreign tourists who visited Japan in February 2020 had sharply declined by hefty 58% compared to the same month last year due to the spread of the new coronavirus infection. 

 The number of foreign tourists to Japan in February was estimated at 1,085,100. This is the fifth consecutive and the largest decline since April 2011 when it fell by 62.5% immediately after the Great East Japan Earthquake. 
Declining foreign visitors will cause catastrophic damage for Japanese economy

 Chinese tourists decreased by 87.9% from the same month last year, and Korean tourists, which had already begun declining due to the deterioration of Japan-Korea relations, fell further by 79.9% after the coronavirus spread got severe. 

 As for other parts of the world, far less tourists from a wide range of countries and regions such as Asia, Europe and the United States came to Japan with Taiwan decreasing by about 45% and the United States by about 21%. 
Declining foreign visitors will cause catastrophic damage for Japanese economy

 The Japanese government has set a goal of 40 million foreign visitors to Japan this year, but the effects of the spreading new coronavirus are expected to continue for the foreseeable future, making it almost impossible to achieve the government's goal. 

 Before the outbreak, foreign tourists visiting Japan kept increasing and made significant contributions to the Japanese economy including the tourism industry, but now the trend has completely reversed. 

 In addition, Tokyo Olympic Games has been called off and Tokyo is now on the brink of lockdown, it is concerned the entire Japanese economy will suffer catastrophic damage and fall into a prolonged recession. 

 Those situations forced the Japanese government finally to admit the economy is deteriorating in the monthly economic report released on March 26.
Declining foreign visitors will cause catastrophic damage for Japanese economy

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