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Japan's malls and restaurants brace for Olympics without foreigners

Japan's malls and restaurants brace for Olympics without foreigners

By , TOKYO (Reuters) - Shopping malls and restaurants in Japan will miss out on a business boom, as Tokyo expects to hold the Olympics without overseas spectators, dealing another blow to industries already on the ropes from the coronavirus.Slideshow In the years leading up to the Games, developers have poured billions of dollars into shopping and dining complexes to serve an influx of foreigners, with major investments made in Tokyo’s central Shibuya district, iconic for its scramble crossing.But the number of foreign visitors has dropped from nearly 32 million in 2019 to almost zero,...

March 19, 2021
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reuters.com

reuters.com

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