Wednesday, September 21, 2005

Financial Boost from World Cup for Japan

Financial Boost from World Cup for Japan.
World Cup Economic Effect: $3.58 billion in Japan

The Japanese Dai Ichi Seimei economic research institute estimates that next summer’s World Cup will have a $4 billion economic effect for qualifier Japan. Sales of flat-screen televisions, tours to Germany, and more will expand greatly in 2006. Looking at data from last summer’s Athens Olympics, in addition to sales of televisions, DVD recorders, and digital appliances, the surge in electricity use late at night all resulted in an economic boost of $227 million, or a bump of 0.2% in Japan’s GDP. The World Cup is expected bring in considerably more in “special demand,” and resulting in another positive blip in the nation’s economy.

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