Estimated economic loss of new corona event cancellation / postponement 3 trillion yen surplus June 29, 4:33

Various financial events such as music and sports have been canceled or postponed due to the effect of the new coronavirus, and the financial loss is estimated to be more than 3 trillion yen in the three months to the last month, a financial institution in Japan estimates.

If the canceled or postponed events were held all over the country from March to May this year, how much the audience's accommodation fee, food and drink fee, venue usage fee, staff personnel cost, etc. It was estimated whether there was a ripple effect of, and it was regarded as an economic loss.

The local festivals sponsored by local governments, etc. reported that 1116 cases were canceled or postponed over the three months, resulting in a loss of 1,741.1 billion yen.

In addition, the cancellation or postponement of live music and plays was 12,705, and the loss was 904.8 billion yen.
Professional sports such as professional baseball and J-league are 1,150, and the loss is 268.8 billion yen.

In addition, including losses due to cancellations and postponements of international conferences and exhibitions, the total cost is estimated to reach 3,025.6 billion yen.

Since July and August, more events are held every year, we expect that losses will increase if cancellations or postponements continue.

"The trend of resuming professional sports is starting, but the economic ripple effect as before cannot be obtained because measures to reduce the number of spectators will be taken for a while. Is expected."