P.M. BRIEFING : Japanese Have Rising Yen for Travel
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From Times wire services
TOKYO — A record 8.43 million Japanese traveled abroad last year, up 23% from 6.83 million in 1987, due to the strong yen and a continued boom in tourism, a government report said today.
The top destination was Hawaii, which drew 1.37 million Japanese, followed by Hong Kong, South Korea and Taiwan. The overseas travelers chalked up a $15.8-billion deficit in the 1988 balance of travel payments, against Japan’s overall trade surplus of $95 billion.
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