We could not have predicted a surge in personnel costs caused by labor shortages during the initial planning stage.

We could not have predicted a surge in personnel costs caused by labor shortages during the initial planning stage.

Wildly disingenuous comment by a business shill as usual.

Let me guess some genius business planning could have predicted the pathetic, non-livable salaries offered for Expo connected work would result in a labor shortage.

Masakazu Tokura is an incompetent who will probably fail forward well.

Still peddling the myth of a “labour shortage, huh?

Was "the initial planning stage" sometime around 1991? Is there ever a major event that is not over cost? My advice is to do the estimate, assume it is under by at least half, and then figure out what the extra costs will be. Labour would surely be one of them in a shrinking labour market. But then, it has never been about correct budgeting, has it? It's about creating a trough for the snouts of the well-connected.

Being forced to use these terribly bad excuses means he does not have anything even remotely believable to justify the waste of money.

Labor shortage, why worry so much? Just use cheap labor from Vietnam through trainee program. Japan did this during Olympics.

They work during Covid

https://www.compas.ox.ac.uk/2020/forgotten-workers-of-the-2020-tokyo-olympics-the-plight-of-japans-foreign-technical-interns-amidst-covid-19/

They also will work with less pay

https://asia.nikkei.com/Spotlight/Japan-immigration/Foreign-workers-in-Japan-earn-only-70-of-average-pay

Its miles away from where most people live in Osaka.

So it should be no surprise that people don't want to do 1000 yen an hour arbeit jobs that are two trains and a bus ride away. They can get the same money in the family restaurant 10 minutes' walk away.

Has any event like this ever been completed within the budget? The olympics, wherever it is held, always cost at least twice the planned budget.

I belieive aside from the 1984 LA Olympics, every one of them have generally lost money and gone over budget.

These expo bidders always underbid in order to be approved to host them. The people of the city (country) are left holding the bag when prices "surprisingly" shoot up and the events don't generate as much money as promised. This is why I'm usually against hosting these mega events.

Grrr,

labour shortages, a result of years of depopulation, causing a imbalance associated with an aging population and the social implications of policy failures to reverse the decline in birth rate, or enact the policies for social economic reform, is an act of shameful self harm

Do any of these financial experts ever come in under budget?

@Speed, you overlooked or ignored Vancouver's Winter Olympics. How about not posting misinformation? It might help clean up the trolls, and JT is a good place to start..

There is no labor shortages. There is a country that does not let labor in. What's weird is they want to host a "world exposition". Downgrade it to "Japan exposition".