Financial Times (June 9)
2014/ 06/ 10 by jd in Global News
For the first time in over four decades, Japan earned more in tourism than it spent. This last happened in 1970 when “the Apollo moon landing was still fresh in the memory, Osaka was hosting Asia’s first World’s Fair and a dollar bought three-and-a-half-times more yen than it does today.” Visitors from Asia have skyrocketed as destinations in Japan have gone from “prohibitively expensive” to reasonable, aided by the drop in the yen and higher disposable incomes elsewhere in Asia.
Tags: Apollo, Asia, Destinations, Dollar, Incomes, Japan, Osaka, Prohibitive, Reasonable, Tourism, Visitors, World’s Fair, Yen
