TOKYO: China’s escalating viral outbreak may end up hitting Japan’s fragile economy harder than the SARS outbreak of 2003, according to economists.
Tourism has become a much more important prop to Japan’s growth over the last decade, and Chinese tourists are the biggest-spenders. That’s why China’s decision Saturday to start blocking outbound tour groups to try to stem the spread of the novel coronavirus has some Japan economists concerned.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!