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  • Record-Breaking Tourism to Japan—and What Lies Beneath

    In January 2025, Japan’s inbound tourism market reached a historic turning point. According to the Japan National Tourism Organization (JNTO), the number of foreign visitors to Japan that month hit 3,781,200, the highest monthly total on record. This figure represents an astonishing 40.6% increase year-on-year and far surpasses the previous record of roughly 3.49 million set in December 2024.

    By Honourway Asia Pacific Limited

  • The Bank of Japan Chooses to Hold Steady Amid Turbulent Uncertainty

    On March 19, 2025, at its Monetary Policy Meeting, the Bank of Japan (BOJ) decided—just as markets had expected—to maintain its current policy stance. Specifically, the Policy Board unanimously approved keeping its money market operations framework aimed at guiding the uncollateralized overnight call rate to around 0.50%. Because this outcome had been widely priced in, there was little immediate volatility in equities or government bonds after the announcement.

    By Honourway Asia Pacific Limited

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