Commentary:Trend Watch

Commentary papers offer insightful discussions of the very latest socio-economic and policy issues, while special Trend Watch reports are published monthly, each focusing on a specific topic. Discussion Papers provide detailed empirical research on major issues, and Analysis Reports include up-to-the-minute data on current economic trends .

INADA, Yoshihisa

Insight

Typhoon No. 21 influence on the Kansai economy

[ Commentary/Trend Watch ] AUTHORINADA, Yoshihisa / FUJIHARA, Yukinori / KINOSHITA, Yusuke DATE2018-09-28

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Abstract/Keywords

KIX, Kansai economy, Influence of Typhoon No. 21, Inbound tourism, Export of goods

Typhoon No. 21 has caused severe damage to the Kansai region. Kansai International Airport (KIX) has suffered from unforeseen flooding of Runway A (Terminal 1 side) and Apron, a tanker colliding into the airport access bridge, etc. It is necessary to show respect to those working hard day and night in order to speed up the reopening process of the airport. The Kansai economy is benefitting from 2 types of export: the so-called service export of inbound tourism (inbound consumption is classified as service export in statistics), and the export of electronic components and devices, both of which go through the KIX, which is an arterial infrastructure of the Kansai and the Japanese economy. Even a 1-day early recovery will help to keep these benefits. Considering all the caused damage, it still remains unknown as to when the airport will function as per usual again. Currently, it is crucial to gather all the information about what effect the damage will have on the Kansai economy and how important it is to reopen the early at full scale.