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As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.
① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.
Express News | [Change Report] Mr. Shigesato Itoi reported that his Shareholding in Hobo Nichi (3560.JP) has decreased to 27.12%.
Express News | [Change Report] Mr. Shigesato Itoi reported a decrease in shareholding of Hobo Nikkan (3560.JP) to 26.72%.
Hobonichi: Interim report
Hobonichi: Financial Report - 46th Term (2023/09/01 - 2024/08/31)
Driven by the weak yen, the consumer spending of tourists visiting Japan in the first 9 months has reached a new high.
①Driven by the weakness of the Japanese yen, Japan's tourism industry is extremely hot in 2024; ②Data shows that as of September, international tourists spent 5.86 trillion yen in Japan (equivalent to 39.27 billion US dollars); ③This exceeded the consumption record of 5.3 trillion yen set for the full year of 2023.