Written by 10:08 am Stock Market Views: 3

Japan Set To Waive Some Visa Requirements In October To Boost Tourism

stock market

Following the change, Japan will not require visas for short-term travelers from the United States and certain other countries, and will scrap the daily entry cap of 50,000 people, the media outlet said.

to waive visa requirements for certain tourists and remove a limit on daily arrivals in October as it aims to benefit from a rebound in global tourism, Nikkei reported on Thursday.

stock market

Following the change, Japan will not require visas for short-term travelers from the United States and certain other countries, and will scrap the daily entry cap of 50,000 people, the media outlet said.

Japanese Prime Minister Fumio Kishida is expected to announce the changes in the coming days, the report said.

With the yen languishing near a 24-year low against the dollar, owing to a hawkish U.S. Federal Reserve, the Japanese government could benefit from capitalising on the increased buying power of tourists by easing travel requirements, the report added.

stock market
stock market

Japan last week raised the daily ceiling of inbound travellers to 50,000 from 20,000, and eliminated a requirement for pre-departure COVID tests, easing what have been among the most restrictive border measures among major economies.

Before the pandemic, Japan did not require tourist visas for 68 countries and regions.

(Visited 3 times, 1 visits today)
Close