Why is Kyoto going bankrupt? w/ Eric Johnston

Episode 102,  Oct 20, 10:00 AM

In 2019, tourists spent ¥1.2 trillion in Kyoto. Now the city faces bankruptcy.

Over the past few years a combination of overspending and lack of tax revenue has put the city of Kyoto in a precarious financial situation, made worse by the lack of domestic and international tourism to the city during the pandemic.

The Japan Times' senior national correspondent, Eric Johnston, joins us from Osaka to explain Kyoto's problems, and what the city needs to do to get itself out its predicament. 

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On this episode:
Eric Johnston: Articles
Oscar Boyd: Twitter | Articles | Instagram

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Photo: Kinkakuji, otherwise known as the Golden Pavilion, was made a UNESCO World Heritage site in 1994 and usually attracts over 5 million visitors per year. During the pandemic it has received a fraction of that number. | Oscar Boyd