KANSAI Close-up

Better performance of Universal Studios Japan

Daiwa Research Institute, Inc. has announced that the economic effects on production generated by Universal Studios Japan, which opened in Osaka last March, during the first year of its operations would amount to 620 billion yen for the Kansai region (prefectures of Osaka, Kyoto, Fukui, Shiga, Hyogo, Nara and Wakayama) and 795.2 billion yen nationwide.
Last December, which was before the theme park opened, the institute had calculated that the amount of induced output would be 249.0 billion yen in the Kansai region and 277.0 billion yen nationwide based on the assumption that eight million people would visit the theme park during its first year. As this figure appears to have been easily topped by late November, the initial forecast has been sharply revised upward.
The new forecast estimates the number of visitors during the year at 12.2 million (430,000 persons would be foreign residents) and tourism spending, including accommodation expenses, at 364.7 billion yen. The amounts of total value added created by the effects on production are forecast at 346.1 billion yen for the Kansai region and 447.1 billion yen nationwide. These effects will push Kansai's regional gross product up by about 0.4%, according to the institute.