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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There Is No ‘Energy Emergency,’ a New Lawsuit Claims
Fifteen States Sue Trump Administration Over Energy Emergency DeclarationFifteen states, led by Democratic attorneys general, have filed a lawsuit against the Trump administration, challenging the validity of a January 20 executive order declaring a “national energy emergency.” They argue that the declaration, which expedites fossil fuel projects while bypassing environmental reviews, is illegal and harmful to state interests, including clean water and wildlife habitats. The lawsuit seeks to halt expedited permits and asserts that emergency...
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