Tokyo Metropolitan government recently announced that production ripple effect generated by tourists to Tokyo increased by 6.0% year on year to 12,012.7 billion JPY in 2014, estimating 515 million visitors (+0.5%) and tourism consumption of 5, 550.9 billion JPY in total (+5.8%). The government also reported tourism brought about income effect of 4,440 billion JPY (+6.2%), employment effect of 563,085 (+6.7%) and tax revenue effect of 401.1 billion JPY (+9.7%).
Economic impacts by foreign visitors remarkably grew, as all of the indexes increased by 30% or more than a year earlier. Production ripple effect generated by foreign visitors accounted for about 14% of the total, and tax revenue effect was estimated to increase by 40% to 56.8 billion JPY.
The total of visitors to Tokyo consisted of 506,248,000 residents in Japan (+0.1%) and 8,874,000 residents in foreign countries (+30.3%). The total of tourism consumption was divided into 4,765.5 billion JPY by residents in Japan (+2.1%) and 785.4 billion JPY by residents in foreign countries (+35.1%).
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