Before the COVID-19 pandemic, international tourism was a major driver of Tokyo’s retail sector, particularly in the luxury goods market. Tourists from China, South Korea, and other Asian countries frequently visited Tokyo to shop for high-end products, taking advantage of Japan’s reputation for quality and authenticity. With Japan reopening its borders and tourism expected to recover, the retail sector is likely to see renewed growth from international shoppers. Popular shopping districts like Ginza and Omotesando are poised to benefit from the return of tourists, who often seek out Japanese luxury brands and designer goods. Duty-free stores, which cater specifically to international travelers, are also expected to see a resurgence in sales. For investors, the recovery of Japan’s tourism industry presents opportunities in high-end retail and duty-free shops, as the return of international tourists will likely drive significant growth in these segments.