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Japan misses out on US$ 300 mil. in revenues from falling Korean tourists: Report

2019-10-06 32 Dailymotion

Japan's economy has been hit by a decreasing number of Korean tourists to the country over the summer... amid frayed bilateral ties<br />According to a report by the Korea Economic Research Institute,... the amount of lost tourism-related revenues for Japan... were estimated at around 300 million dollars in the month of July and August.<br />That is nearly ten-fold... compared to the losses incurred on Korea,... which were estimated at 33 million dollars.<br />The report was based on the number of visitors to each country as well as spending data.<br />During the two months,... 874-thousand Koreans visited Japan, down 27-point-6 percent on-year,... while 604-thousand Japanese traveled to Korea, up 10 from a year ago. <br />

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