Kyoto faces a financial shortfall of nearly ¥280 billion over the next five years, and now day care centers, transport subsidies and the bureaucracy are on the chopping block.
Kyoto s reconstruction plan calls for big spending cuts newsonjapan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsonjapan.com Daily Mail and Mail on Sunday newspapers.
Jul 2, 2021
Osaka – Until last year, Kyoto basked in the glow of being ranked as one of the best, if not the best, places in the world to visit. Polls like one by the U.S. travel magazine Conde Nast in 2020 called Japan’s ancient capital the world’s best city.
One estimate showed that the city went from about 30,000 available rooms at hotels and traditional inns in 2015 to over 53,000 last year.
But now, international tourism in Kyoto is at a standstill and the city faces bankruptcy by fiscal 2028 unless it figures out how to come up with another ¥160 billion over the next five years, Mayor Daisaku Kadokawa says.
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