GGRAsia – Japanese government policy paper preserves IR’s role in tourism revival

Japanese government policy paper preserves IR’s role in tourism revival

Japan’s national government reaffirmed the role of integrated resorts (IRs) in its 2022 economic policy paper released on Tuesday, as the country has a reputation for resorts with casinos.

A section of the 36-page summary of economic policies is labeled “Revival of the Tourism-Oriented Nation” due to planned efforts to restart Japan’s inbound tourism market, which has been largely suspended as a countermeasure to Covid-19.

The document, titled “Basic Policy for Economic and Tax Management and Reform until 2022,” states that the national authorities will “strongly promote” the development of IR and “casino regulation.”

According to previous comments from investment analysts and potential operators, the first casino resorts likely to be allowed under Japan’s liberalization program will not start operating. until the end of this decade – soon.

Tetsuo Saito, appointed Japan’s Land, Infrastructure, Transportation and Tourism Minister last fall by new Prime Minister Fumio Kishida, said part of his mandate was to ensure that Japan sticks to its goal of attracting 60 million people annually. incoming visitors by 2030. He added that a key part of the plan is the resort’s casino policy.

The economic policy paper released on Tuesday by Japan’s national government also says there will be “planned and ongoing support measures, such as funding, to revitalize and increase the value-added of tourist destinations and the tourism industry.”

This involves initially stimulating domestic demand for tourism services, while the authorities “continue to look closely at the infectious situation.”

Referring to efforts to restore capacity for inbound air travel, which has dwindled due to market conditions at the height of the pandemic, the document says the national government will also work to ā€œstrengthen the management base of aviation and airport-related companies that support international travel.ā€

On May 26, Prime Minister Kishida announced that as of June 10, some foreign tourists will be allowed to enter Japan again.

As for the details of the policy, the updated daily limit on the number of travelers arriving will also apply to such visitors….

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