Japan’s Golden Week budgets increased 1.4x from last year

Economy

Tokyo, April 26 (Jiji Press)–The average Japanese household budget for this year’s Golden Week holiday season jumped 1.4 times from a year earlier to 29,544 yen, according to a investigation by Meiji Yasuda Life Insurance Co.

The survey, released on Monday, also showed that the proportion of respondents planning domestic travel during the holiday period from late April to early May stood at 11.2%, down from 4.9% last year.

This suggests that more and more people are moving away from vacations at home, which has been seen over the past two years amid the spread of the novel coronavirus.

The survey was conducted online at the end of March, with 1,620 people responding.

This year’s survey results reflect the government’s complete removal of COVID-19 pre-emergency measures last month and this year’s schedule facilitating longer vacations, said Meiji Yasuda economist Yuichi Kodama. Research Institute Inc.

[Copyright The Jiji Press, Ltd.]

Jiji Press

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