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Impact of Population Aging on Japanese International Travel to 2025

James Mak (jmak@hawaiil.edu), Lonny Carlile (lonny@hawaii.edu) and Sally Dai
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James Mak: Department of Economics, University of Hawaii-Manoa
Lonny Carlile: Asian Studies, University of Hawaii-Manoa
Sally Dai: Research Program, East-West Center

No 73, Economics Study Area Working Papers from East-West Center, Economics Study Area

Abstract: In this paper we forecast Japanese international travel to 2025. In addition, to the usual economic variables, our model also captured both populations again and cohort effects on Japanese travel abroad. We predict the number of future Japanese overseas trips for males and females separately by five-year age groups and in five-year increments. We conclude that the Japanese will continue to travel abroad in increasing numbers but population aging will dramatically slow overall future Japanese overseas travel. While the number of "senior" travelers is predicted to increase sharply, we foresee fewer overseas trips taken by Japanese, especially among women, in the 20s and early 30s age groups. Finally, we examine the responses of the industry and the public sector in Japan to implications of a rapidly aging population on future international travel.

Pages: 41 pages
Date: 2004-10
New Economics Papers: this item is included in nep-sea
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