Japanese Investors Cautious as Retail, Tourism Continue to Suffer - SolidRumor.com

Japanese Investors Cautious as Retail, Tourism Continue to Suffer

 Japanese Investors Cautious as Retail, Tourism Continue to Suffer

Tokyo, Japan. Shutterstock.

The country’s Nikkei index slipped on Thursday as investors tempered their optimism regarding a potential economic rebound, Reuters reported. The share average was boosted by Uniqlo owner Fast Retailing after its stock jumped 4.58 percent.

This week, the index rallied above the 30,000 level for the first time in over three decades. But the country’s retail and tourism sectors are still reeling from the pandemic: retail sales declined 0.3 percent in December compared to 2019, according to data from the Ministry of Economy, Trade and Industry. Meanwhile, the country’s National Tourism Organisation reported that foreign visitors were down over 98 percent year-on-year in January.

Add Comment