Estimated by Professor Emeritus Katsuhiro Miyamoto of Kansai University: The Economic Impact of Domestic Tourism During the 2026 Golden Week is Approximately 2,946.3 Billion Yen

Professor Emeritus Katsuhiro Miyamoto of Kansai University recently analyzed the economic impact of domestic tourism during the 2026 Golden Week, estimating it to be approximately 2,946.3 billion yen. Professor Emeritus Miyamoto stated, "This represents a decrease compared to the approximately 2,957.0 billion yen in 2025. Since COVID-19 was downgraded to Class 5, the economic impact of many events has been on an upward trend; however, domestic travel and tourism during Golden Week resulted in a decrease compared to the previous year. This is likely because, although the number of foreign visitors to Japan slightly increased, the amount spent by Japanese people on travel and tourism significantly decreased. If this situation continues for a long time, the revenue of Japan's tourism industry could trend downward in the future due to a decline in domestic tourism, stagnant salary levels, and increases in transportation, food, materials, and labor costs. This will have a major negative impact not only on the travel industry but on the Japanese economy as a whole. The background to this is that as energy prices rose due to the destabilization of international affairs, the prices of many consumer and capital goods—including transportation, construction, labor, food, and drinking water—soared. This led people to fall into anxiety about their livelihoods, fearing such conditions might last a long time, thereby strengthening the tendency to hold back on consumption and investment. As a result, the global and Japanese economies could slow down significantly. It is important for countries to work together to curb conflicts so that the world can be at peace and people can live with peace of mind." Kansai University Professor Emeritus Katsuhiro Miyamoto [Material Overview] 1 Theme: Economic Impact of Tourism During the 2026 Golden Week 2 Presenter: Kansai University Professor Emeritus Katsuhiro Miyamoto 3 Announcement Date: Thursday, April 23, 2026 4 Content: I. Introduction II. What is the Economic Impact of Tourism (Technically "Economic Ripple Effect")? III. Direct Effect of Tourism by Domestic Residents During Golden Week IV. Direct Effect of Tourism by Foreign Visitors to Japan During Golden Week V. Total Amount of Direct Effect of Tourism by Domestic Residents and Foreign Visitors During Golden Week VI. Economic Impact of Domestic Tourism During the 2026 Golden Week VII. Comparison with 2025 and the Future VIII. Conclusion *If you quote data from the analysis results, please append a note to that effect. ◆Profile◆ Name: Katsuhiro Miyamoto Date of Birth: January 12, 1945 (Age 81) Registered Domicile: Wakayama Prefecture Education: Completed Master's Program at the Graduate School of Economics, Osaka University; Doctor of Economics (Kobe University) Career: After serving as Professor, Dean of the Faculty of Economics, and Vice President at Osaka Prefecture University, he became a Professor at the Graduate School of Accountancy, Kansai University in April 2006. He retired in March 2015 and is currently Professor Emeritus at Kansai University. During this time, he has served as a visiting researcher and visiting professor at Indiana University and Harvard University in the USA, Tongji University in Shanghai, Nanjing University of Science and Technology, and the Far Eastern State Academy of Economics and Management in Russia. Specialized Fields: International Economics (Transition Economy), Theoretical Economics, Kansai Economy, Sports Economics Books: "Osaka Economics" (co-authored) Keiso Shobo, "Theory of Transition Economy" Chuokeizai-sha, "What is Economic Impact?" Chuokeizai-sha, etc. Public Positions: (Former) Temporary Member, Fiscal System Council, Ministry of Finance; (Former) Member, Information and Communications and Postal Administration Council, Ministry of Internal Affairs and Communications; (Former) Chairman, Management and Business Evaluation Committee, Osaka Water Supply Authority; Director, Osaka Prefecture Municipalities Promotion Association; Chairman, Senshu Regional Promotion Fund Operation Committee, etc. Awards: 2019 Wakayama Prefecture Cultural Merit Award, 2021 Wakayama City Cultural Award, 2024 Order of the Sacred Treasure, Gold Rays with Rosette 2005... Announced "Economic Impact of Hanshin Tigers' Victory", "Economic Impact of Interleague Play", etc. 2006... Announced "Economic Impact of Attracting the 2008 Osaka Summit", "Economic Impact of Deep Impact", etc. 2007... Announced "Economic Impact of the World Athletics Championships in Osaka", "Economic Impact of Sharp's LCD Factory Expansion into Sakai City", etc. 2008... Announced "Economic Ripple Effect of Kuidaore Taro", "Economic Ripple Effect of Calico Cat 'Stationmaster Tama'", etc. 2009... Announced "Economic Ripple Effect of the WBC", "Economic Impact of Tobacco Price Increase", "Economic Ripple Effect of the Discovery of Yamataikoku Ruins in Sakurai City, Nara Prefecture", etc. 2010... Announced "Economic Ripple Effect in Japan of the Vancouver Olympics in Canada", "Construction Cost of the Great Buddha of Nara", "Economic Ripple Effect of the Osaka Marathon", "Economic Ripple Effect of USJ's 10th Anniversary", etc. 2011... Announced "Economic Ripple Effect of Ueno Zoo Pandas Ri Ri and Shin Shin", "Tokyo Dis