Japanese economy is all set to benefit from in influx of Chinese tourists, thanks to the relaxations to be bought about in the visa rules in July, 2010. The Chinese tourists will pump millions and billions of yen into the Japanese economy as it is expected that a lot of Chinese tourists will visit the Japanese mainland.
It has been estimated by a group of 17 Japanese and Chinese tourism and retail companies that Chinese tourists will add some 430 billion Yen to the Japanese economy by the year 2012. The total amount added from Chinese tourism in 2008 was only 120 billion yen.
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The visa rules have been made a lot flexible. For example, now the Chinese visitor to Japan is required to have an annual income of 60,000 Yuan or be gold credit card carries. This announcement was made by the Foreign Minister Katsuya Okada on Tuesday. Those who are either Families of government or work in large corporations will get to visit the country as individual tourists, unlike others who will still have to visit as part of group tours.
This has fueled the competition among Japan's tourism industry operators and retailers whose focus over the years has been on Chinese Trade and who are thinking of measures they can undertake to capiatliase on the huge growth opportunity thus projected. In comparison to fiscal 2008, The Prince Hotel Group accommodated about 50 % more Chinese tourists and travelers in the fiscal 2009.
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Now Chinese citizens who will fly down to stay in Japanese mainland are considered to be all the more crucial than the Chinese tourists.
