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

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!

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

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

Ha! Thats a laugh.

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

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.

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.

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.

This shows how important China is to the world

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

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

@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.

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!

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.

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..."

"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.

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!

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.

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.

Japan will be in a recession this year...

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.

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.

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

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.

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.

Send the Bill to China!

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 ?

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?