Globalization
Japan welcomed 3.1 million visitors in June, setting a record for monthly tourist visits, and that boom looks set to continue. Most of those visitors are drawn by the usual reasons to visit—the food, the rich culture that fuses the traditional and the modern, and the natural beauty—but Japan is also looking to attract high-paying knowledge workers through its new Digital Nomad Visa, introduced in March this year.
Tariffs have historically been used by governments for millennia to raise funds and to protect local industries from foreign competition. However, economists remain doubtful about the long-term benefits of taxing imported goods–with rising consumer prices and trade disputes complicating an inflation-ridden global economy and already tense geopolitical landscape.
