Regulatory policy

GGRAsia – Japanese Government Policy Paper Reaffirms Role of RI in Reviving Tourism

Japanese government’s policy document reaffirms role of IR in boosting tourism

The national government of Japan reiterated in its economic policy document for 2022, released on Tuesday, the role of integrated resorts (RIs), as resorts with casinos are known in this country.

A section of the 36-page economic policy summary is labeled “Reviving a Tourism-Driven Nation,” in connection with planned efforts to restart Japan’s inbound tourism market, which has been largely halted as a cons -measurement of Covid-19.

The document – ​​titled “Basic Policy on Economic and Fiscal Management and Reform 2022″ – says national authorities will “strongly promote” IR development and “casino regulation”.

According to previous comments from investment analysts and potential operators, the first casinos likely to be licensed under Japan’s liberalization program are unlikely to start operating. until the end of the current decade – as soon as possible.

Tetsuo Saito, appointed in the fall of last year as Japan’s land, infrastructure, transport and tourism minister by new prime minister Fumio Kishida, said part of his mandate was to ensure that Japan stays on track with its goal of attracting 60 million people each year. inbound visitors by 2030. He added that the casino’s resort policy was a key part of the plan.

The economic policy document released by the Japanese national government on Tuesday also said that there would be “planned and continuous support measures such as financing, for the revitalization and high added value of tourism destinations and tourism industry. tourism”.

This would initially involve boosting domestic demand for tourism services, while authorities “continue to carefully review the infection situation”.

Referring to the effort to restore inbound air service capacity – which had shrunk in response to market conditions at the height of the pandemic – the document said the national government would also work to “strengthen the management base aviation and airport-related businesses that support international transportation.

On May 26, Prime Minister Kishida said that from June 10, some international tourists would once again be allowed to enter Japan.

In terms of policy details, an updated daily cap on incoming travelers would also apply to these visitors. Nevertheless, those traveling from 98 countries and regions classified as “blue” or low risk would neither need a Covid-19 test on arrival nor quarantine.

Those places of origin – accounting for around 80% of inbound travelers to the pre-pandemic tourism market according to media reports – included neighboring mainland China, Taiwan and South Korea.

Initially, such entry would be specifically for tour groups, rather than individual travellers.

It was separately reported that a daily cap on the number of visitor arrivals of all types was raised to 20,000 from June 1, up from a previous cap of 10,000 per day set on April 10. Subsequently, local media reported that the daily cap could be raised to 30,000 in July.

On April 26, Osaka and Nagasaki prefectures respectively announced that they had submitted to the national government their IR district development plans, in time for the April 28 deadline. They were the only local authorities to make offers to host casinos. The national government’s response to the applications could arrive in the fall, according to Japanese media.