TOKYO -- Japan's tourism trade surplus -- when spending by foreign visitors exceeds spending by outbound Japanese tourists -- climbed 58% in the year ended March, surpassing the country's surplus derived from patent royalties for the first time.
Economy
Japan's tourism trade surplus surges 58%, topping patent royalties
Spending by foreign visitors helps offset country's digital deficit
Spending by foreign visitors to Japan exceeded spending from outbound Japanese tourists by roughly $45 billion in fiscal 2024. (Photo by Kosaku Mimura)
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