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Cheaper yen attracts record visitors to Japan
by Staff Writers
Tokyo (AFP) May 22, 2013


A record 923,000 foreigners travelled to Japan in April, up 18.1 percent from a year earlier, taking advantage of a weaker yen and an increase in chartered flights, a government agency said Wednesday.

The previous monthly high was 879,000 in July 2010, the Japan National Tourism Organisation said.

Tourism has rebounded since 2011, when visitor numbers plunged following the massive earthquake and tsunami that ravaged Japan's northeast and sparked a nuclear crisis at the Fukushima power plant in March that year.

The numbers of visitors from Taiwan, Thailand, Vietnam, France and Russia hit record highs in April, while South Korea topped the list at 204,200, up 33.7 percent from a year earlier.

But the number of visitors from China slumped 33.0 percent to 100,200 for the seventh straight year-on-year decline, amid simmering tensions over Beijing's claims to Tokyo-controlled islands in the East China Sea.

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Apple's Cook grilled in Congress on offshore taxes
Washington (AFP) May 21, 2013
Apple chief Tim Cook faced a grilling Tuesday by US lawmakers on "sham" subsidiaries and "convoluted" strategies to shift profits offshore, but denied the company uses "gimmicks" to cut taxes. Cook told a Senate hearing Apple lives up to its tax obligations and more, but some lawmakers expressed outrage over findings of the panel's probe that the tech giant avoided taxes by using a web of fo ... read more


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