Japan PM pinning hopes on big-spending tourists to revive economy ...Middle East

TOKYO: Japanese Prime Minister Fumio Kishida pledged on Monday to revive the nation’s pandemic-battered inbound tourism industry by setting a new goal of increasing foreign tourists’ total spending to more than 5 trillion yen (US$35 billion) annually.In a policy speech marking the start of an extraordinary parliamentary session, Kishida also said the government will make use of the benefit of the Japanese yen’s rapid depreciation while vowing to continue easing the country’s coronavirus border controls, Kyodo news reported.The weaker yen has been driving up import prices, but the premier expressed readiness to tackle rising energy costs, committing to “unprecedented” steps to alleviate the b

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