22 Mil. Admissions Needed for Osaka-Kansai Expo to Be Profitable, Organizer Says; Average of 130,000 Visitors Necessary Per Day
The association said the Expo needs to see a daily average of about 130,000 visitors from now on to be in the black.
The number of visitors to the Expo had often been under 100,000 a day just after opening in April, but the daily number in the past month increased to about 130,000 on average.
'We made a good start,' said Masakazu Tokura, chairperson of the association and honorary chair of the Japan Business Federation (Keidanren), at a press conference on Monday. 'If the pace of increase in the past month continues, [the Expo] can become profitable.'
Of the ¥116 billion budget for managing the Expo, admission ticket sales are expected to cover ¥96.9 billion, or more than 80%, of the budget.
To break even, 18 million tickets need to be sold.
The association aims for 22 million admissions, including those who have passes and enter multiple times during the run of the Expo.
The Expo organizer's initial goal in terms of ticket sales was 23 million and expected a total of 28.2 million admissions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NHK
4 days ago
- NHK
Keidanren head commends Japan-US trade deal
The head of Japan's leading business lobby has lauded the country's trade agreement with the United States. But he also sounded alarm over the current state of the global economy. Tsutsui Yoshinobu became the new chairman of the Japan Business Federation, or Keidanren, in late May. He spoke at the beginning of the organization's summer forum in the resort town of Karuizawa in central Japan on Thursday. Tsutsui said that he highly evaluated the terms of the bilateral deal. But he added it came at a time when the world is at a major turning point, with the free and open international economic order shaking. Tsutsui noted that Japan is facing a mountain of complex domestic challenges, including a shrinking population caused by a low birthrate and an aging society. He said another challenge involves policies on resources and energy. He said that what counts is to pave the way for Japan to turn into a nation that will be trusted by the international community. Tsutsui added that Keidanren members will share the resolve that companies will clear the path for the future. He said that his organization will demonstrate this determination. About 40 senior corporate officials are taking part in this year's forum. It is being held under the theme of a vision to allow the Japanese economy to grow even with the declining population. The agenda includes discussions on topics, such as how to facilitate innovation to realize a "science and technology nation." The participants are expected to compile a document on Friday that will sum up their talks.
The Mainichi
5 days ago
- The Mainichi
Business leaders laud Japan-US trade deal, admit ongoing challenges
TOKYO (Kyodo) -- Japanese business leaders on Wednesday praised the government for reaching a trade deal with the United States under which tariff rates on Japanese cars and other products will be set at 15 percent, while acknowledging it will still cause hardship for firms. "The persistent negotiations paid off," Yoshinobu Tsutsui, chairman of the Japanese Business Federation, the country's most powerful business lobby also known as Keidanren, told reporters, adding his group has "high regard" for the outcome. The tariffs under the deal, which was first announced by U.S. President Donald Trump on Tuesday, are lower than initially proposed. They were agreed before an Aug. 1 deadline set by the United States to impose a "reciprocal" 25 percent tariff on Japanese goods. "I have yet to look into the details, but would like to provide support (from Keidanren) on multiple fronts," Tsutsui said. While some companies have expressed hope that the potential adverse effects of the levies would be eased, others said challenges were likely to persist as they nevertheless remained high. "The evasion of even higher tariffs across the board may act as a crucial breakwater for companies," said Takeshi Niinami, chairman of the Japan Association of Corporate Executives. "We must work toward rebuilding a free-trade system," he added, also warning of the spread of the "America First" approach. While saying the deal helped remove U.S. tariff uncertainties, Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, called the 15 percent tariffs "regrettable." "The effects of this new burden of tariffs will hit not just exporter firms, but also those that shoulder the domestic supply chain and are largely made up of small and medium-sized firms that are responsible for supplying parts and logistics," he said in a statement. The Trump administration's 25 percent additional auto tariff was one of the biggest sticking points in the trade talks. Combined with the 2.5 percent rate already in place, a total tariff of 27.5 percent was imposed on imported passenger vehicles in April. Following the latest announcement, a source from a major automaker expressed dismay at the deal, noting tariffs prior to Trump's inauguration had stood at just 2.5 percent. Meanwhile, a source from an electronics manufacturer noted that "compared with the 25 percent tariff that was slated to hit on Aug. 1, 15 percent is slightly better."
Yomiuri Shimbun
5 days ago
- Yomiuri Shimbun
Japan Business Group Chair Welcomes Outcome of Tariff Talks, But Also Say 15% Reciprocal Tariff ‘By No Means Low'
Yoshinobu Tsutsui, the chairperson of Keidanren (Japan Business Federation), on Wednesday praised the outcome of Japan-U.S. tariff negotiations as the result of long-running, persistent talks focused on national interests. 'The parties concerned made earnest efforts within the framework of the negotiations and achieved a successful outcome,' Tsutsui told reporters. Tsutsui said he was greatly concerned about automobile tariffs, as they will have a significant impact on the broad-based automobile industry, including related businesses. 'But I want to praise the reduction in the tariffs as a positive outcome of the talks,' he said. At the same time, however, Tsutsui said a 'reciprocal tariff' of 15% is 'by no means low, considering the domestic economy.'
