Japan Welcomes Record 42.68 Million Foreign Visitors, Spending Hits ¥9.45 Trillion
Japan welcomed a record 42.68 million foreign visitors in 2025, generating ¥9.45 trillion in spending. The tourism boom has energized the economy and stock market, with NISA investment accounts surpassing 18 million.
Key Points
- • Foreign visitors to Japan exceeded 42 million, spending ¥9.45 trillion in 2025.
- • Overtourism concerns emerge in popular destinations like Kyoto and Mount Fuji.
- • NISA investment accounts surpassed 18 million amid record stock market performance.
- • Tourism boom creates job opportunities in hospitality and international business sectors.
Japan's tourism industry shattered records in 2025, with foreign visitor numbers exceeding 40 million for the first time while tourist spending reached unprecedented levels, according to data released by the Japan National Tourism Organization. For foreign residents, this historic surge signals significant changes in the economic landscape and investment opportunities.
According to NHK, Japan welcomed 42.68 million foreign travelers in 2025, marking the first time the country has surpassed the 40 million visitor threshold. More remarkably, these visitors spent approximately ¥9.45 trillion (roughly $63 billion) during their stays, representing the highest tourism consumption figure ever recorded in Japan's history. This dramatic increase reflects not only the country's successful recovery from pandemic-era travel restrictions but also growing global interest in Japanese culture, cuisine, and destinations.
The tourism boom has created ripple effects throughout Japan's economy, contributing to what many analysts describe as a period of sustained economic growth. The influx of foreign currency and increased business activity has bolstered sectors ranging from hospitality and retail to transportation and entertainment. For expats living in Japan, this economic vitality translates into a more dynamic job market, particularly in tourism-related industries, international business services, and language education.
However, the surge in tourism has not been without challenges. NHK reports that overtourism concerns have emerged in popular destinations, as local infrastructure and communities struggle to accommodate the unprecedented visitor numbers. Cities like Kyoto, Tokyo's historic districts, and scenic areas such as Mount Fuji have experienced crowding issues, prompting local governments to implement visitor management measures. Foreign residents may notice increased congestion in tourist hotspots, longer wait times at popular attractions, and rising prices in areas frequented by international visitors.
The robust economic activity has also energized Japan's financial markets, creating new opportunities for individual investors. According to NHK, major securities companies in Japan opened over 2 million new NISA (Nippon Individual Savings Account) accounts in 2025, bringing the total number of accounts to more than 18 million since the program's inception. The record-breaking stock market performance throughout the year encouraged greater retail investor participation, with many individuals seeking to capitalize on Japan's economic momentum.
For expats considering investment options in Japan, the NISA program offers tax advantages for long-term savings and investment. The system allows both residents and some categories of foreign nationals to invest in Japanese and international stocks, bonds, and investment trusts while enjoying tax exemptions on dividends and capital gains. The surge in NISA account openings reflects growing confidence in Japan's economic prospects and the accessibility of investment tools for individual savers.
The convergence of record tourism and heightened investment activity suggests that Japan's economy is entering a period of sustained growth, potentially offering improved employment prospects and business opportunities for the foreign resident community. However, expats should also prepare for the practical implications of living in an increasingly tourism-focused economy, including higher costs in popular areas and increased competition for services and amenities.
Looking ahead, the Japanese government faces the challenge of balancing continued tourism growth with quality-of-life concerns for residents, both Japanese and foreign. Expats living in tourist-heavy areas may want to stay informed about local regulations and infrastructure improvements designed to manage visitor flows more effectively. Meanwhile, those interested in investment opportunities should research NISA eligibility requirements and consider whether the program aligns with their financial goals and residency status in Japan.