Armando Dinong used to count on buses coming like clockwork every December to bring crowds of high-spending Japanese tourists to the Waikele Premium Outlets in Hawaii, where he manages a luxury luggage shop.

“It would be like a tornado in the room,” Mr. Dinong says. “They were the No. 1 source for our sales.”

Hawaii Is Still Waiting for Big-Spending Japanese Tourists to Return

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Hawaii Is Still Waiting for Big-Spending Japanese Tourists to Return