News On Japan
Business

Revised Estimates Elevate Osaka-Kansai Expo Economic Impact

OSAKA, Mar 31 (News On Japan) - Japan's Ministry of Economy, Trade and Industry (METI) has revised the economic impact of the Expo upwards by approximately 400 billion yen.

Sponsored Links
Travel and accommodations
Tokyo's hottest fashion
Hiring in Japan now
Buzzing Popular Restaurants

For the "Osaka-Kansai Expo," set to commence in April next year, METI announced on March 29th that it has revised its 2018 estimate of 2.5 trillion yen upwards by 400 billion yen, bringing the total to 2.9 trillion yen. This revision accounts for recent increases in the average travel expenditure over the last two years and the escalation of venue construction costs to 235 billion yen, among other factors.

Additionally, a private think tank in Osaka estimated the Expo's economic impact at approximately 2.74 trillion yen in January this year.

Source: MBS

News On Japan
POPULAR NEWS

Rising Prices Hit Japan's Festivals: Ice Shavings and Goldfish Scooping Costs Surge

The impact of rising prices is being felt at summer festivals, with essential items like ice shavings and goldfish scooping seeing significant price increases.

Japanese Women’s Life Expectancy at 87.14 Years, Men’s at 81.09 Years

Japan's Ministry of Health, Labour and Welfare have announced the average life expectancy for Japanese people last year, with women having an average life expectancy of 87.14 years, and men 81.09 years, both about half a month higher than the previous year.

Air Con Thefts 'Not Cool'

Theft of air conditioner outdoor units has surged as Japan's heatwave continues, leaving some businesses unable to run critical cooling systems.

Second Death of Hyogo Prefectural Employee Uncovered

As power harassment allegations against the governor of Hyogo Prefecture continue to swirl, it has been revealed that another prefectural employee has passed away, with the prefecture delaying a formal announcement of the death by 3 months.

Osaka Tops Japan's Urban Power Rankings

Osaka has topped the 'Japan Urban Power Rankings' for the fourth consecutive year. Conducted by Mori Building's think tank, the ranking evaluates 136 cities across Japan in six categories, including economy, culture, and environment.

MEDIA CHANNELS
         
MORE Business NEWS

Government Offers 5 Yen Reward for Using Amazon's 'Leave Delivery' Service

Starting in October, the Japanese government will introduce a new support measure aimed at addressing the logistics industry's labor shortage, known as the "2024 Problem," by offering up to 5 yen in points per delivery for using services like "Leave Delivery," where packages are left at the door.

Lawson's Delisting Ends on High Note

Convenience store giant Lawson was delisted from the Tokyo Stock Exchange Prime Market on July 24, as it enters a joint management system with Mitsubishi Corporation and KDDI.

Shibuya Launches Latest Development 'Sakura Stage'

A new multi-use complex has opened in Shibuya, Tokyo, an area experiencing a significant development boom, often described as a once-in-a-century transformation.

Record Rise in Japan's Minimum Wage

The national average minimum wage for this fiscal year has been set at 1,054 yen per hour, with the increase of 50 yen marking the largest ever.

Has Inflation Revived Japan’s Economy?

When inflation picked up a few years ago, no one was happy - well, apart from Japan, who might be able to pick itself up from its deflationary funk. So, could a sudden inflation spike be the beginning of Japan's long-awaited recovery? (TLDR News Global)

Amazon Starts Prescription Drug Delivery in Japan

Amazon has launched a new service in Japan called Amazon Pharmacy, which delivers prescription drugs to customers' homes.

NTT West to End 'Town Page'

NTT West announced that it will end its 'Town Page' phone directory and '104' phone inquiry services in March 2026.

Lawson Enters 'Crane Game' Market

Crane games, where players attempt to grab prizes, are now found not only in game centers but also in convenience stores. Since March 2024, major convenience store chain Lawson has been actively installing crane game machines and aims to expand to 1,000 stores nationwide by fiscal year 2025.