The Ministry of Economy, Trade and Industry estimates that the economic ripple effect for the Osaka/Kansai Expo, which will open in April next year, will be approximately 2.9 trillion yen, an increase of 400 billion yen from the previous year, due to an increase in venue construction and operating costs. The calculation was revealed.
Last year, it was revealed that the construction costs for the Osaka-Kansai Expo were expected to rise to a maximum of 235 billion yen, an increase of 50 billion yen from previous years, and that operating costs were also expected to be 116 billion yen, more than 40% higher than originally expected. I am.
The Ministry of Economy, Trade and Industry had previously calculated the economic ripple effects of the Expo, but in response to these cost increases, the Ministry of Economy, Trade and Industry once again commissioned a private think tank to make an estimate.
According to the calculation results released on the 29th, the economic ripple effect of the Expo is expected to be approximately 2.9 trillion yen, an increase of 400 billion yen from the previous estimate in 2018.
In addition to the ripple effect becoming larger due to increased payments to construction companies, etc., the amount spent by people visiting the Expo is expected to be higher than previously expected, given recent trends in domestic travel. This is due to
The Ministry of Economy, Trade and Industry said, ``The economic ripple effect is not the only purpose of holding the Expo, but since it is a project that is being carried out at the expense of the government, I would like you to take a look at the economic impact.'' .