Haneda Airport may generate an economic effect of 650.3 billion yen a year, when international slots increase to 39,000 a year

Ministry of Land, Infrastructure, Transport and Tourism announced on June 17 that an economic ripple effect of Haneda Airport may reach 650.3 billion yen a year, supposing the airport that slots available for international flights increase to 39,000 by 2020. In that case, Haneda Airport will add 7.05 million international flight passengers, who consist of 2.94 million foreign passengers and 4.11 million Japanese passengers. Job creations are expected to be 47,295 a year, and an increase in tax may reach 53.2 billion yen a year nationwide.

An economic ripple effect on Tokyo, Saitama and Chiba is calculated at 481.1 billion yen a year (a direct effect of 2,399 billion yen and a ripple effect of 2,412 billion yen), which account for 70% or more of the total, and an increase in tax at 38.1 billion yen a year. Job creations are expected to reach 32,849 a year. An economic ripple effect on other prefectures than the above three prefectures is expected to amount to 1,692 billion yen a year.

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The expected direct effect of 284.2 billion yen a year nationwide is broken down into 126 billion yen spent by international visitors, 26.5 billion yen spent by Japanese overseas travelers, 16 billion yen for airport-related business sales, 105.5 billion yen for air ticket sales and 10.2 billion yen spent for ground transportation. For Tokyo only, travel consumption by international visitors may reach 77.6 billion yen, and consumption by Japanese overseas travelers 10.5 billion yen. Air ticket sales are expected to amount to 96 billion yen.

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The largest increase in tax is expected to find in Tokyo (28.2 billion yen), followed by Chiba (3.7 billion yen) and Saitama (1.9 billion yen). In Tokyo, Saitama and Chiba, the top three job creation industries are services (14,732), transportations (7,252) and retails (4,061).

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