Japan’s Stock Market Poised to Benefit From a Record Number of Tourists

Japan’s stock market is only now waking up to potential gains from record numbers of big-spending tourists.

A growing number of companies, including a seller of vintage goods and a budget hotel chain, are poised for a strong 2025 as increased demand from foreigners boosts earnings outlooks. Japan welcomed almost 37 million inbound visitors in 2024, data released last week by the Japan National Tourism Organization showed. That’s almost a third of the country’s population.