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Japan seeks investment from Hong Kong www3.nhk.or.jp
Local governments in Japan are seeking overseas investors to help provide accommodation for the growing numbers of foreign tourists.
The Japan External Trade Organization hosted a seminar in Hong Kong on Wednesday to find investment for building and renovating hotels.
Japanese prefectural and municipal officials explained incentives to about 130 local investors and financial institution officials.
An official from Hokkaido stressed improved access from Tokyo and elsewhere as the Shinkansen bullet train line will be extended to the prefectural capital Sapporo.
A Yokohama city official offered tax breaks for luxury hotels.
But some investors expressed concern that the rapid strengthening of the yen triggered by Britain's decision to leave the European Union would discourage travel to Japan.
Many investors suggested they are waiting to see what Japan's central and local governments will do to invite more foreign tourists, such as opening local airports to international flights and further relaxation of visa requirements.
Published Date:2016-07-07
