What is the impact of the epidemic on Japans sports industry? Experts: about 2.6 billion US dollars

category:Sports
 What is the impact of the epidemic on Japans sports industry? Experts: about 2.6 billion US dollars


According to the Japanese times, Miyamoto said in a report that 46% (1.19 billion US dollars) of the economic losses caused by the epidemic were caused by the failure of professional competitions in Japan, and other losses were caused by sports goods manufacturers and sellers as well as catering industry.

The report covers major professional competitions in Japan, including football J League, baseball professional league, basketball league and sumo, but it does not include games supported by the gambling industry, such as horse racing, motorboat and bicycle.

Since the beginning of this year, Japans professional sports have been hit particularly hard by the epidemic. Big professional games and clubs may get through the difficulties, but small institutions and clubs will need more time to recover, Miyamoto said in the report

According to the honorary professor of Kansai University in Japan, the biggest League loss in Japan is the baseball league, which is also Japans largest professional game, with an estimated annual revenue loss of 40%, about $1 billion. In addition, football J League lost 36.4 million US dollars, sumo lost about 50 million US dollars.

Hopefully, the epidemic will end as soon as possible and the public can return to the professional arena as soon as possible to enjoy the competition, Miyamoto said

Miyamoto, who specializes in sports economy, had previously calculated that if the Olympic Games were cancelled, Japans economic losses would reach US $42.5 billion, with a one-year delay of US $6.04 billion.