OFF INTO THE WILD WET YONDER How does this...
Not since 1970 have foreign visitors to Japan outspent Japanese visitors abroad. It’s taken 44 years, but according to Japan’s Ministry of Finance the country’s travel balance is finally out of the red.
This balance is calculated very simply by subtracting the amount Japanese travelers have spent overseas from the amount that foreign visitors have spent while in Japan.
The balance posted a year earlier was a deficit of ¥22.4 billion (US$218 million), but it is currently in the black with a surplus of ¥17.7 billion (US$172 million).
The Japanese government expects this surplus to continue thanks largely to the weaker yen and the easing of visa-related rules for such Southeast Asian countries as Vietnam and Thailand.