Skift Take
The depreciation of the Japanese yen against major currencies, particularly the U.S. dollar, has played a pivotal role in driving unprecedented levels of tourist arrivals to Japan.
Japan's tourist arrivals soared to a record-breaking high last month, with over 3 million visitors exploring the country, as reported by the Japan National Tourism Organization on Wednesday.
Contributing to this milestone were a weak yen, currently trading at a 34-year low against the dollar, along with the influx of travelers eager to see Japan's famed cherry blossoms.
This is the first time Japan has surpassed the 3 million-visitor mark in a single month, surpassing the previous high of 2.99 million in July 2019.
Compared to the same period last year, March arrivals increased by almost 70%, and were up approximately 12% com