Japan has suspended its tourism subsidy program. What impact will this have on the local tourism market?

This has dealt a huge blow to Japan's local tourism consumption market, because the tourism market itself is very vulnerable to the impact of the epidemic. Now that subsidies are suspended, the recession may be further exacerbated. Recently, Japanese media reported that due to the continued spread of the epidemic, Japan plans to cancel tourism subsidies in Tokyo and Nagoya in order to alleviate the spread of the epidemic. It is reported that the Japanese Prime Minister is already discussing this matter with relevant officials, and local governments will coordinate later. However, the decision is not yet final and will need to be announced after mutual consultation between cabinet officials and the two local governments. In addition, the two sides are also in further discussions on whether to extend the expiring subsidies from the Osaka City and Sapporo City governments.

At an earlier media conference, the Japanese Prime Minister stated that this tourism subsidy policy is mainly to boost the local tourism market, but at the same time, he also said that he would actively consult with the local government to deal with the possibility of continued The spreading epidemic. It is reported that Hokkaido and Osaka, where the virus spread more severely earlier, have been excluded from the subsidy policy, and as winter brings, the virus continues to spread in Japan, so the Japanese government may further expand relevant restrictive measures. As compensation for suspending travel subsidies, the government will issue consumption subsidies of about 35% to hotels and travel agencies that cancel travel orders, and the government will also provide corresponding compensation to companies that have increased their manpower.

It is reported that this suspension measure may last until the middle of next month, but the government stated that it will make real-time adjustments based on the spread of the epidemic. However, suspending subsidies at this time will make it even more difficult for Japan's already sluggish tourism industry.

Many companies related to the tourism industry said that with the spread of the epidemic in winter, the recovery of the tourism industry is far away. Now we can only wait for the winter to pass and the arrival of the Summer Olympics next year, then the tourism industry can bring vitality. , but it is still difficult to know the status of the Tokyo Olympics.