COVID-19 INFORMATION What you need to know about the coronavirus if you are living in Japan or planning a visit.
business

Japan may lose $1.3 bil in tourism revenue due to virus outbreak

31 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© KYODO

©2020 GPlusMedia Inc.

31 Comments
Login to comment

It's to be expected! Tourism is a fickle industry, and hardly one that is stable! Things will get back to normal, but these businesses need to find other ways to stay alive as well!

9 ( +9 / -0 )

This shows how important China is to the world and especially Asian economies.

3 ( +8 / -5 )

This shows how important China is to the world and especially Asian economies.

Ha! Thats a laugh.

1 ( +6 / -5 )

Japan seems not only a country loses billions money but also other countries do more or less.

1 ( +3 / -2 )

Ha! Thats a laugh

Only if you ignore the fact that if China closes shop in japan, alot of people in the tourism business will be unemployed in no time. But yeah, laugh away.

7 ( +13 / -6 )

Be careful what you wish for, innit. Just last year there were all these concerns voiced about uncouth tourists and about places being overcrowded with visitors from overseas. Well - Ta-Dah!

I'm not in the least a believer in fate, but it goes to show, appreciate the ups, because downs will follow.

10 ( +12 / -2 )

Let's see:

Japan's 4.872 trillion GDP minus  $1.29 billion in tourism revenue= TOTAL RUIN.

NO! Japan is doomed.

JT "experts" were right all along. Japan's economy is solely dependent on tourism and would simply disintegrate without it.

-7 ( +3 / -10 )

This shows how important China is to the world

This shows how dangerous China is to the world. (I corrected it for you).

-1 ( +7 / -8 )

I for one don't mind it at all. Kyoto is much more enjoyable now.

10 ( +11 / -1 )

@peeping_tom

The article refers just to losses in air travel tickets, a small part of the tourism pie. Just released figures show a 6.2% drop in gnp last quarter, before the virus hit. This quarter will make grim reading.

Yes papigiulio, Kyoto has returned to its former elegant charm. Long may it last.

9 ( +9 / -0 )

NO! Japan is doomed.

JT "experts" were right all along. Japan's economy is solely dependent on tourism and would simply disintegrate without it.

Not exactly, but tourism was one of the very few sectors that took off during Abenomics and one of very few bright sparks on J-economic landscape of late ( together with the Olympics mother of all pork barrels of course ). So yeah...the virus impact will definately hurt ( as it will in other countries with heavy Chinese tourism ).

8 ( +9 / -1 )

GDP by sector

Agriculture: 1.1%

Industry: 30.1%

Services: 68.7%

(2017 est.)

Well almost 70% work in services according to Wikipedia!

I hope the other 30% can carry the rest during the crisis!

6 ( +8 / -2 )

Without the tourist money, a city like Kyoto will have to increase local taxes to maintain services.

1 ( +3 / -2 )

Already cost me about 40 man in lost business this year, gonna have to tighten my belt until it blows over. Not a good start to 2020!

On the plus side, the town is a lot more peaceful.

2 ( +2 / -0 )

It's important to understand that huge amounts of capital --- lent by banks and other financial institutions --- have been poured into the tourist infrastructure. If these businesses go bust or can't repay the loans, the repercussions will be felt throughout the economy, in the form of interest rates, liquidity, consumer demand, etc. As John Donne wrote, "No man is an island..."

-1 ( +0 / -1 )

"Well almost 70% work in services according to Wikipedia!"

And tourism is a MERE 7.4% of total GDP! JT "experts" just won't accept a FACT.

Japan could lose the entire GDP from tourism,( not ALL FOREIGNERS) as a huge chunk is domestic and would still carry on.

The 7.4% represents the total induced value of tourist activities. Visits, shopping, accommodation everything to do with tourism represents 7.4% of Japan's GDP.

Britain and France have higher rates at 9% and 9.7% of respective GDP's.

Are they tourism dependent too?

Going by JT "expert" logic...

That's the reality; even if JT "expertise" claims the opposite.

-6 ( +3 / -9 )

Maybe they need a mascot?

https://www.nytimes.com/2020/02/16/business/japan-mascots.html?action=click&module=Editors%20Picks&pgtype=Homepage

2 ( +2 / -0 )

Japan has long survived without china. Sure, they may take a temporary hit now. But Japan can still survive without china. 

If anything, the Japanese...perhaps because of the numerous disasters...are experts at picking themselves up and moving forward.

With or without china.

Ganbare Japan!

-6 ( +2 / -8 )

I do not worry. This is not a long term trend but one time hick up. Just like after the devastating earth quake and tsunami of 3/11/2011, Japan will bounce back.

-1 ( +0 / -1 )

We're planning (and still haven't given up on) a trip to Japan in May-June. We haven't pulled the plug on it yet, but obviously we're keeping a very close eye on what's going on. It's not so much the fear of catching the coronavirus, more the fear of getting stuck somewhere if things get worse. If things are still looking grim in mid-April, we'll be cancelling.

So that's at least three weeks' worth of accommodation, meals, rail and bus and ferry travel, plane fares (JAL) plus other sundry contributions to the Japanese economy. Multiply our case by many thousands of would-be travellers cancelling and there you have the problem.

3 ( +3 / -0 )

who cares about $$$,

just take care of the infected people and be more proactive instead of following 500 year old manual for everything.....

$$$ will take care itself.

1 ( +1 / -0 )

If the third largest economy in the world is depending on tourism revenue frim China to help it make the nut so that it doesn't fall into recession, things are far worse than anyone has been led to believe. Is this the real face of Abenomics?

https://www.nytimes.com/2020/02/16/business/coronavirus-japan-economy.html?action=click&module=Latest&pgtype=Homepage

3 ( +3 / -0 )

Japan will be in a recession this year...

6 ( +6 / -0 )

This shows how important China is to the world

This shows how dangerous China is to the world. (I corrected it for you).

I think the original ‘important’ is closer, cobber, although it is dangerous in some ways.

Think about how important China is to the Aussie economy.

2 ( +4 / -2 )

Yes this will be a blow economically but less tourists no bad thing socially.  Been lots of unhappiness ay overcrowding and also quite a bit about the different cultural norms and levels of "politeness: (for want of a better term) that visitors from some overseas countries adhere to.

Olympics not long now.  If this hasn't cleared up by then could be a financial disaster.

-1 ( +1 / -2 )

Japan will be in a depression not a recession, this year. Japan INC is addicted to China.

0 ( +0 / -0 )

Japanese had depression problems but in view of the fact that japan favour america more than China. Surely, Japan can replace that amt of business from americans.

-2 ( +0 / -2 )

Japanese had depression problems but in view of the fact that japan favour america more than China. Surely, Japan can replace that amt of business from americans.

LOL! Are you serious? According to Wikipedia. In 2018, 8,380,034 Chinese tourist visited Japan. Compared to 1,526,407 American in the same year. The difference is more than 5 times.

2 ( +2 / -0 )

Send the Bill to China!

0 ( +0 / -0 )

Incidentally, Chinese bought up all the face masks locally here in Japan, and are now selling them back to the Japanese at highly inflated prices! Time to invoke some National security laws perhaps ?

-1 ( +0 / -1 )

Chinese bought up all the face masks locally here in Japan, and are now selling them back to the Japanese at highly inflated prices

Where has this been reported as happening?

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites