In Japan, Asian Tourists Spending Like Drunken Sailors
Travel Blog • Michael Yessis • 07.30.08 | 12:07 PM ET
The number of travelers from South Korea, Taiwan, China and Hong Kong to Japan has apparently doubled in five years, reflecting a new reality: “[A]s Japan’s economy stalled for the last dozen or so years, rapid development in countries like China and South Korea raised living standards there,” writes Martin Fackler. So they’re using their spending power in Japan to, among other things, “splurge at the nation’s department stores.” Sounds kinda familiar.
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Michael Yessis is the cofounder and coeditor-in-chief of World Hum.
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