Declining Passport Ownership Among Japanese Citizens Amidst Weak Yen

Reported about 22 hours ago

Only 17% of Japanese citizens now own a passport, a significant drop from 24% in 2019, amid rising costs and a weakened yen that hampers international travel. Despite having one of the world's most powerful passports, financial constraints and a lack of interest among younger generations hinder Japanese from traveling abroad, with travel costs rising by 25% since 2019. This trend stands in stark contrast to higher passport ownership rates in other developed nations.

Source: YAHOO

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