YOKOHAMA, Japan -- A wave of spending, fueled by international travelers, is spreading to Yokohama, a port city southwest of Tokyo once known for its relatively low rents and retail prices despite its proximity to the capital.
Big businesses and foreign-owned hotels have moved into Minato Mirai 21 (MM21), a redeveloped district in Yokohama. The streets are crowded with overseas tourists, pushing up prices at restaurants and hotels.
