The Japanese government has announced that they will spending a total of $395 billion stimulate their economy. Out of this, $106 billion will fund job creation and strengthen domestic demand as well as great global opportunities. $266 billion would be spent to help reconstruction of disaster-affected areas hurt by the Great East Japan Earthquake and tsunami. Finally $23.4 billion would be used to strengthen infrastructure as well as restore public facilities, such as schools, highways and bridges.
Hawaii economic experts firmly believe that this commitment by the Japanese government to stimulate their economy and repair damage created by the earthquake and tsunami that affected them two years ago will have a trickle down effect that will help Hawaii’s tourism grow. President and CEO of PacRim Marketing Group, Dave Erdman, stated, “A stronger Japan economy with hope, vision and confidence in the future will bode well for the Japan outbound tourism to Hawaii. Japan still strives to reach 20 million outbound travelers, and the country’s approach to reach this target will benefit Hawaii.” President and CEO of Hospitality Advisors LLC, Joe Toy, added, “Last year we had projected Japanese visitor arrivals would grow by 8 percent, but they were actually double that.”
Hawaii Tourism Authority’s President and CEO, Mike McCartney, commented, “We have a special relationship with the Japan market and are committed to continue to grow interest and travel from this area. We have seen numerous new flights come out of the region, from Sapporo, Fukuoka and now Sendai, demonstrating their continued interest in travel to Hawaii.”
Source: Honolulu Star Advertiser, 3-23-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
