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Okinawa's Economy Maintains "Expansion Trend" Despite China's Travel Restrictions, According to the Bank of Japan's Naha Branch's December Economic Outlook
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The Bank of Japan's Naha branch announced on the 22nd that its assessment of Okinawa's financial and economic outlook for December maintained that "the prefecture's economy is on an expansionary trend." Branch manager Teppei Nagano predicted, "Tourism is driving the economy. Hotel occupancy rates are high, and despite the impact of travel restrictions from China, the expansionary trend will continue." By category, the bank upgraded its assessmen…
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