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Osaka City reveals 2020 budget with increased funds for World Expo and IR promotion

Tomo Yamamoto by Tomo Yamamoto
Fri 14 Feb 2020 at 06:08
Osaka, Hokkaido election results prove positive for IR development hopes
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Osaka city announced its 2020 budget draft on Thursday, with the JPY 1.77 trillion budget seemingly focused on preparations for hosting the 2025 World Expo and development of an IR, emphasizing the city’s growth strategy.

While the city faced its first deficit in four years, investment funds increased by 14% compared to last year.

At a press conference, Mayor Ichiro Matsui said, “This budget is made for Osaka’s growth and to protect children. We want Osaka to continuously grow and to become an international city.”

The 2025 World Expo promotion budget is more than double the amount allocated 12 months ago times that of last year’s, set at JPY 325 million (US$3 million). Yumeshima, the artificial island in Osaka Bay that will serve as the location for the event, is basically nothing but empty land and water that still needs reclaiming.

The southern part of the island will be built up over the next two years and this budget will also go toward basic design expenses related to venue construction.

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Tomo Yamamoto

Tomo Yamamoto

Born in Okayama, Japan in 1964, Tomo has covered horse racing, professional baseball, golf, boxing and more in his role as a sports writer. He first encountered casinos before Macau was returned to China in 1999. He has traveled to South Korea and Manila to cover events and scope out the local scene. He has studyied “How to get along with casinos,” a topic he learned of from Osaka University of Commerce.

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