The inbound tourism consumption of consumption products in Japan is forecasted to show a steady increase from 5.54 trillion yen in 2024 to 6.41 trillion yen in 2028. This upward trend reflects a consistent growth year-on-year, with the value expected to increase by approximately 3.97% in 2025, 3.82% in 2026, 3.68% in 2027, and 3.39% in 2028. Compared to the pre-forecast value of 5.15 trillion yen in 2023, we observe a positive growth trajectory over the forecast period, with a CAGR of 3.69% from 2023 to 2028.
Future trends to watch include:
- Increasing international travel ease and reduced restrictions
- Enhanced marketing efforts by Japan to attract foreign tourists
- Technological innovations in tourism services
- Rising middle class in neighboring Asian countries with growing disposable incomes
- Potential impacts of global economic fluctuations and geopolitical stability
