Japan Covid will end border controls from October 11, Prime Minister Fumio Kishida said in New York, a move that is set to revive the tourism industry. Individual visitors will be allowed to enter, and Japan will reinstate visa exemptions, Kishida said at a news conference in New York on Thursday morning. Daily arrival limit in Japan will also end, They said. Later in the day, on the New York Stock Exchange, Kishida said that Japan would “relax border control measures to be on par with the US,” drawing applause from the audience.
Japan’s move to scrap most ban on foreign touristss comes as the country’s deadliest wave of the pandemic. This coincides with the yen’s fall to its lowest level against the dollar in nearly a quarter of a century, making the archipelago an inexpensive, attractive destination for visitors from overseas.
discount for domestic travel Will be introduced at the same time, Kishida said. After seeing a boom in tourism before the pandemic, airlines, hotels and retailers are trying to regain their lost business.
Kishida’s cautious approach to opening up after the first waves of the pandemic has seen him pouring in from voters still terrified of infection, while business leaders have complained of the damage to the economy and urged him to open the doors.
Before Covid, Japan allowed visitors from 68 countries and territories, including the US, to stay for 90 days without a visa. The number of visitors reached a record of about 32 million in 2019, up from around 246,000 last year.
Chief Cabinet Secretary Hirokazu Matsuno said this week that the government was considering changes to the law that would enable hotels to turn away guests who refuse to comply with infection control measures. Unlike many countries, face masks are in almost universal use in Japan, although there is currently no legal obligation to use them.
Kishida also said on Thursday that the yen was weakening rapidly and speculative moves had been seen recently – hours after Japan moved to push the yen for the first time since 1998.
“The theory is for the market to set the currency level, but we cannot ignore the repeated excessive moves due to speculation,” Kishida said.
The intervention follows the Bank of Japan’s decision on Thursday to stick with ultra-low interest rates and came after months of speculation that officials would have to take action to stop the currency’s slide of about 20% this year.
At the NYSE, Kishida outlined its economic-reform program, which ranges from spurring workforce and corporate-governance changes to fostering innovation and decarbonization.
The Prime Minister also referred to the “Asset-Income Doubling Scheme”. He said only 10% of the 2,000 trillion yen ($14.1 trillion) in personal financial assets is invested in stocks.
“To double property income and enable long-term wealth creation for retirement, it is essential to make our small investment tax exemption system sustainable for individuals,” Kishida said.
This story has been published without modification in text from a wire agency feed. Only the title has been changed.