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Japan misses out on US$ 300 mil. in revenues from falling Korean tourists: Report Updated: 2019-10-07 04:01:14 KST

Japan's economy has been hit by a decreasing number of South Korean tourists due to their fraying bilateral ties over trade and history.
According to the Korea Economic Research Institute, the amount of Japan's lost tourism-related revenues was estimated at around 300 million dollars in July and August.
That's nearly ten-fold the corresponding losses incurred by South Korea, which totalled 33 million dollars.
The report was based on the number of visitors as well as spending data.
During the two months, 874-thousand Koreans visited Japan, down almost 28 percent on-year, while 604-thousand Japanese traveled to South Korea, up 10 percent over the same period.
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