Japanese policymakers expect that a further reopening of Japan's borders to foreign visitors will breathe life into inbound tourism that had been hit by COVID-19 travel restrictions. The hope is that a weaker yen will be an additional boost, providing a win-win situation for foreign tourists, who would be compelled to splurge by taking advantage of the currency effect, and for Japan, where the negative side of the yen's slide, especially against the U.S. dollar, has become all the more visible. Japan has raised its daily entry cap on arrivals to 50,000 from 20,000 in early September and has be...
