The Return Of Japanese Visitors May Be Just In Time To Save Hawaii’s Economy….A day after Japan’s prime minister lifted all travel restrictions, UH economists issued a report saying the return of Japanese travelers could help spare Hawaii’s economy.
The flagging U.S. economy will dampen Hawaii’s economic recovery as inflation and high interest rates erode consumer buying power, University of Hawaii economists predict in a sobering economic forecast released Friday.
But there’s one continuing cause for optimism, according to the University of Hawaii Economic Research Organization. The rebounding tourism industry shows no sign of faltering, UHERO reports.
Even if the U.S. mainland dips into a recession, UHERO predicts that Japanese travelers returning to the islands after a years-long absence will be enough to maintain momentum for one of Hawaii’s major employment sectors.
