Japan Wants to Disburse Subsidies to Revitalize Tourism

Japan Wants to Disburse Subsidies to Revitalize Tourism

Japan is considering resuming the disbursement of various forms of subsidies to promote domestic tourism in mid-January 2022. To support this plan, hotel and flight operating rules will be relaxed after slumping due to the Covid-19 pandemic.

Ummatimes - This policy is also expected to be able to recover the Japanese economy from the sluggishness by increasing the desire of citizens to travel, which was buried during the Covid-19 pandemic.

This subsidy will be part of the loosening of rules to deal with the new normal under the Japanese Prime Minister Fumio Kishida's government. This regulation is expected to be completed by Friday, November 19, 2021.

The Nikkei newspaper reported that when cases of coronavirus infection in Japan began to rise, Tokyo in December 2020 decided to stop a program that used tax money to offer domestic tourists discounts on hotels and travel costs within the country.

Currently, at the request of the tourism industry, the Government of Japan will begin to consider this subsidy program from mid-January 2022 to the end of April 2022. This subsidy program will take the form of giving large discounts for those who want to travel during normal days (not weekends). ) to avoid piling up trips over the weekend.

The Japanese government has not yet commented on the Nikkei news. A Reuters survey showed Japan's economy likely contracted 0.8 percent in the third quarter due to measures to stop the spread of the coronavirus outbreak. This restriction on people's movement has hit the export and consumption sectors.

A number of analysts project that the consumption sector will rise again. The rules for restricting people's movement will end on September 30, 2021. However, China's economic growth is slowing and supply of needs is still hampered, thus clouding the outlook for an economy that depends on exports.