Tokyo, July 17 (IANS) The average budget for summer vacations in Japan has decreased from the previous year due to rising prices and a weaker yen, a recent survey showed on Wednesday.
The figure came in at 58,561 yen (about 374 US dollars), down 2.6 percent year on year despite wage increases among major companies in the 2024 spring labour negotiations and the introduction of a flat-rate tax reduction in June, according to the survey conducted by market research firm INTAGE Inc.
Some 69.6 percent responded that rising prices and the weak yen “considerably” or “somehow” affected their summer vacation plans, Xinhua news agency reported.
Due to price increases and the weaker yen, 51.5 percent of respondents reported budget reductions, with “no salary increase” as the most cited reason at 35.2 percent, followed by “higher electricity and gas bills” at 33.1 percent.
Meanwhile, 26.9 percent of the surveyed reported an increase in their summer vacation budgets.
Regarding vacation plans, 36.9 percent of respondents said they would spend time at home, 19.1 percent planned domestic trips with overnight stays, 18.5 percent opted for shopping or dining out, and 12.9 percent intended to visit their parents’ homes.
Only 2.1 percent of the surveyed planned overseas travel, with the budget averaging 443,058 yen (about 2,828 US dollars), a 13.8 percent decrease from the previous year.
Asian destinations are becoming more popular as travel costs are lower compared to Europe, likely due to the weaker yen, the survey showed.
The survey, conducted from June 27 to July 1, included responses from 5,000 individuals aged 15 to 79 nationwide.
–IANS
as/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.