Answer your friend who claims that Japan as an advanced country does not need (1) inbound tourism revenue (2) Japanese regional economies are not affected by the change in inbound tourist numbers (Table 1) (3) Japan has always more travel service debits than credits in percentage GDP (Table 2) (4) Japanese visits abroad against foreign arrivals in Japan always result in deficits in service balance in Japan (Table 3) and (5) for these reasons Japanese inbound tourism has not been affected largely by the coronavirus pandemic. Table 1: Table 2: Jaрanese Travel Table 3: Jарanese Goods and 2017 Regional Distribution Service of Inbound Tourism Credit Service Balance Balance Expenditure (Trillion Yens) Debit Credit Goods Service/ 41% Travel Credit to GDP Service/ Service/ Other Kanto Transport Travel Ratio (%) 2006 2010 Kinki 30 % 0.60 0.2 2009 -0.2 -2 -0.8 Hokkaido 0.48 0.40 0,40 7% 0.24 2012 -5 -0.3 -0.7 -2 Others 22% 2014 0.4 2015 -0.5 -0.2 0.5 -2.4 2018 0.85 2018 1.2 -0.3 2.5 -2.7

Answer your friend who claims that Japan as an advanced country does not need (1) inbound tourism revenue (2) Japanese regional economies are not affected by the change in inbound tourist numbers (Table 1) (3) Japan has always more travel service debits than credits in percentage GDP (Table 2) (4) Japanese visits abroad against foreign arrivals in Japan always result in deficits in service balance in Japan (Table 3) and (5) for these reasons Japanese inbound tourism has not been affected largely by the coronavirus pandemic. Table 1: Table 2: Jaрanese Travel Table 3: Jарanese Goods and 2017 Regional Distribution Service of Inbound Tourism Credit Service Balance Balance Expenditure (Trillion Yens) Debit Credit Goods Service/ 41% Travel Credit to GDP Service/ Service/ Other Kanto Transport Travel Ratio (%) 2006 2010 Kinki 30 % 0.60 0.2 2009 -0.2 -2 -0.8 Hokkaido 0.48 0.40 0,40 7% 0.24 2012 -5 -0.3 -0.7 -2 Others 22% 2014 0.4 2015 -0.5 -0.2 0.5 -2.4 2018 0.85 2018 1.2 -0.3 2.5 -2.7

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 8SCQ: State whether each of the following events Involves a financial flow to the U.S. economy or away...

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