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[Global Economic Shifts: Japan’s Tourism Challenges, South African Agriculture Crisis, and UK Inflation Trends]-[Is it a Tokyo drift for tourism?]

World Business Report · B2 · 2026-02-18

BBCNewsBusiness
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📋 Summary

Japan’s Tourism Sector Faces Headwinds

Japan’s tourism industry, a vital pillar contributing "tens of billions of dollars" to the nation’s economy, has encountered a significant hurdle. For the first time in four years, visitor arrivals dropped by nearly 5% in January, totaling 3.6 million. This downturn is primarily attributed to a "61% fall in arrivals from China," driven by ongoing "diplomatic tensions" between the two nations. Nikki Yoshihara, owner of Tokyo Tours, notes that while the industry is feeling the impact of these tensions, there is optimism that Chinese tourists may return during the upcoming "Golden Week in May," as many visitors are motivated by the opportunity to purchase Japanese products for resale in China.

Despite the decline in Chinese visitors, the "weak yen" has successfully attracted a more diverse range of international travelers. Yoshihara reports an "uptick in clients" from regions such as the Middle East, India, Nepal, and Latin America. These visitors are willing to navigate the complexities of visa requirements to capitalize on the favorable exchange rate and experience what Japan has to offer.

The Devastating Impact of Foot and Mouth Disease in South Africa

In South Africa, the agricultural sector is grappling with its "worst ever foot and mouth disease" outbreak. The crisis has placed a "huge strain on farmers," leading to restricted cattle movement and the closure of export markets, resulting in losses reaching the "hundreds of millions." Christopher Shazy, a cattle farmer in KwaZulu-Natal, describes the situation as "very bad," noting that he is unable to sell his livestock or generate any income. The lack of available vaccines has left farmers in a desperate state, with many forced to use makeshift solutions like hand sanitizers to clean the hooves and tongues of infected animals. Shazy emphasizes that without government intervention to "speed up the process of the vaccine," farmers face the collapse of their livelihoods, struggling even to afford basic necessities like school fees and animal medication.

UK Inflation and Economic Outlook

In the United Kingdom, economic indicators are showing signs of improvement. Inflation has dropped to its lowest level in 10 months, falling to 3% in January from 3.4% the previous month. Emma Wall, Chief Investment Strategist for Hargreaves Lansdown, highlights that the decline is broad-based, affecting not only headline CPI but also "core inflation" and "services inflation," the latter of which had previously been "quite sticky." This positive trajectory suggests that the UK is on track to hit its inflation target rate of 2% later this year. Consequently, experts anticipate that the Bank of England is "nails on a cut" regarding interest rates in the coming month, following a data-led approach by Governor Andrew Bailey.

Global Business Briefs

Beyond these primary concerns, the podcast touches upon other significant global developments. Meta’s Mark Zuckerberg is facing a civil trial regarding allegations that platforms like Instagram and YouTube act as "addiction machines," with jurors tasked to determine the company's responsibility for mental health issues. Meanwhile, in Gabon, the government has moved to restrict access to Facebook and TikTok, citing the role of online content in "stoking conflict and division." Finally, as the holy month of Ramadan begins, economic activity is expected to see a seasonal boost, with Nielsen reporting that sales of certain grocery items increase by as much as 50% during this period.

🎯Key Sentences

1
it's just a better way to do business.
2
It's interesting, the weak yen has actually enticed tourists from elsewhere.
3
see what the fuss is all about.
4
It's putting a huge strain on farmers.
5
We're just stuck.
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📝Key Phrases

1
weigh on demand
2
offset by
3
see what the fuss is all about
4
put a huge strain on
5
running into the hundreds of millions
Expand All

📖 Transcript

This BBC podcast is supported by the UK.
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