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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Jordan to host meeting with Syria, US on Syrian reconstruction | News
President Ahmed al-Sharaa’s new government is trying to attract foreign investment as Syria’s economy lies in ruins.Jordan will host a meeting involving Syrian Foreign Minister Asaad al-Shaibani and U.S. envoy Thomas Barrack to discuss Syria's reconstruction, following Syria’s recent signing of $14bn worth of investment agreements. Amid ongoing violence and a devastated economy, the Syrian government aims to attract foreign investments for infrastructure projects, with the UN estimating reconstruction costs over $400bn. Want More Context?...
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