Inbound Spending Flat at 2.51 Trillion Yen, but the Map Underneath Redrawn: China Halves to Third, U.S. Takes the Top Spot, Taiwan Closes InA · FULL TRANSLATION

- Total inbound spending rose just 0.2% to 2,509.6 billion yen, yet China collapsed 48.8% (506.4 to 259.2 billion) and slid from first to third
- The U.S. took the top spot for the first time at 384.8 billion yen (+8.5%); Taiwan came second at 363.9 billion (+27.9%), only 0.2 points behind
- Visitor numbers fell 5.3% to 10.4 million, but per-capita spend hit a series-record 244,000 yen (+3.3%); China's plunge was all headcount, its per-capita spend actually rose 9.4%
- Growth tier: Russia +62.3%, India +43.8%, Indonesia +40.3%, Malaysia +39.8%, Taiwan +27.9% with the healthiest volume-times-price mix
- Counterpoint: last year's base was inflated by the Expo opening, and China's gap is policy-driven—an upside option once the travel advisory lifts
The headline curve of inbound spending is a lie of averages: 2,509.6 billion yen, up 0.2%, looks like nothing happened, while underneath sits the biggest reshuffle of tourist money in a decade. China fell from 506.4 billion yen (20.2% share, first place) a year ago to 259.2 billion (10.3%, third), a gap of nearly 250 billion yen; the U.S. filled it at 384.8 billion (+8.5%, top for the first time) with Taiwan right behind at 363.9 billion (+27.9%). Visitors fell 5.3% yet spending held flat, carried entirely by a record per-capita spend of 244,000 yen. For Taiwanese readers the practical meaning is direct: Taiwan's bargaining power as a source market has never been higher—if you run hospitality, retail, or regional tourism business in Japan, your seat at the table just improved. (Source: Japan Tourism Agency, government standard terms of use)

