Japanese tourism and retail trade affected by declining South Korean tourists …

"관광객 급감 … • 타격" .. 불매 운동 확산

While the boycott of Japanese products and companies by South Korea is intensifying and expanding to cover more and more regions, Japan's tourism and retail industries are suffering.
Lee Min-sun reports. About a month after the start of the mbadive boycott of Japanese products by South Koreans, the Japanese economy is suffering from a decline in the number of tourists.
The Japanese daily Asahi Shimbun has announced that a sharp drop in spending by South Korean visitors is hurting the tourism and retail sectors in Japan.
According to the newspaper, since the beginning of the boycott movement, about 1,100 Koreans have canceled their bookings in traditional hotels in Japan, in Oita prefecture … a popular tourist destination with its hot springs.
The report also indicates that the number of South Korean visitors to Japan decreased by 10% in July compared to the same period last year … citing data from Japan's largest travel agency, JTB Corp.
The number of bookings for the Busan-Osaka ferry has dropped to one-third of the usual amount, and many Korean low-cost carriers have decided to cancel scheduled flights to Japan.
Japanese retailers are also suffering from the boycott.
One of Fukuoka's largest shopping centers saw its sales decline 25% in the week to 23 July compared to the previous year.
Other major Japanese companies such as Asahi and Kirin Breweries have withdrawn their TV commercials from South Korea. The Japanese clothing brand Uniqlo also recorded a decline in sales in July.
However, the boycott movement is spreading to larger areas of South Korea.
In addition to customers who do not buy Japanese products, many retail stores and traditional markets said that they would not sell Japanese products. The logistics badociation of South Korea also announced that it would not deliver specific Japanese brands.
While the trade conflict between two countries persists, the boycott and its impact on the economies of the two countries could still be accentuated.
Lee Min-sun Arirang News.

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