KOFU, Yamanashi Pref. (Kyodo) A Chinese businessman has resurrected "ryokan" inn in the Isawa hot spring resort area near Mount Fuji in Fuefuki, Yamanashi Prefecture, hoping to lure his fellow compatriots.
He is one of a growing number of foreign investors making forays into Japan's hot spring business, according to industry sources.
While some are worried that the entry of foreign operators could lead to a collapse in the rates charged by inns, which are already seeing a decline in visitor numbers, many others are welcoming the move, saying it will help to revitalize the local economy.