Tourism and Investment in Japan

Bank of Japan released data on July 12 that showed wholesale prices in Japan jumped 9.2 percent in June from a year earlier as import prices surged at the fastest pace on record due to plummeting value in the yen. The yen's recent depreciation unseen in about two decades against the U.S. dollar pushed up import prices hurting resource-poor Japan’s economy. The core consumer price index excluding volatile fresh food items rose 2.1 percent in April and May, a level above the BOJ's target of 2 percent. Japanese companies and consumers are feeling the impact of rising prices.  Japan's health experts warn of an explosive increase in the number of new coronavirus cases To make matters worse, recent abrupt increase in the number of new coronavirus cases pose another risk to Japan’s economy. The explosive increase in new covid cases in Japan makes healthcare professionals in Japan seriously worry. Japan found a record 110,600 new cases on July 15, surpassing the previous high set