Japan will abolish a slew of Covid border controls from October 11, Prime Minister Fumio Kishida said in New York, in a move that looks set to revive the tourism industry.
Discounts for domestic travel will be introduced at the same time, Kishida added. After seeing a tourism boom before the pandemic, airlines, hotels and retailers are all seeking to regain the business they lost. Kishida also said Thursday that the yen had been weakening rapidly and that speculative moves had been seen recently—speaking hours after Japan stepped in to prop up the yen for the first time since 1998.“The principle is for markets to decide currency levels, but we cannot overlook repeated excessive moves due to speculation,” Kishida said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: