Foreign tourists have significantly boosted Japan’s economy due to a weaker yen, with travel spending contributing half of the country’s GDP growth rate in recent years. However, as the yen strengthens, analysts predict a potential decline in tourist spending, which could impact Japan’s economic growth and shift the focus from shopping to experiences like dining and entertainment. Despite record-high visitor arrivals and spending in 2024, rising domestic inflation and interest rates may lead to a reversal of the conditions that have made Japan a popular travel destination.
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Peter Nygard wants Winnipeg charges stayed, arguing review was ordered because of political pressure
SummaryIn a Winnipeg court on Friday, the lawyer representing former fashion mogul Peter Nygard argued that charges against him for sexual assault and unlawful confinement should be dismissed. The defense claims these charges resulted from "unprecedented" political pressure. This argument comes amid ongoing legal proceedings in Nygard's trial, where he has been facing serious allegations of sexual misconduct. Full Article
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