Brief | Creating Resilience

Japan BRIEF - The impact of the lifting of restrictions on FITs Oct 2022

October 11, 2022

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  • Japan is set to significantly loosen border restrictions from October 11th, 2022.
  • The most important change will involve permitting the entry of foreign individual travellers, who comprised more than three-quarters of all overseas visitors to Japan prior to the pandemic.
  • The loosening of the restrictions is set to act as a catalyst for the recovery of inbound tourist demand.
  • With the hotel and retail sectors having been slow to recover from the impact of pandemic-related measures, the lifting of border restrictions combined with the benefits of the weak yen is set to lead to an increase in demand, particularly in the higher end segments.