102: Why is Kyoto going bankrupt?

<div>Over the past few years a combination of overspending and lack of tax revenue has put the city of Kyoto in a precarious financial situation, made worse by the lack of domestic and international tourism to the city during the pandemic. <br> <br> The Japan Times' senior national correspondent, Eric Johnston, joins us from Osaka to explain Kyoto's problems, and what the city needs to do to get itself out its predicament.  <br> <br> <strong>Read more: </strong> </div> <ul> <li> <a href="https://www.japantimes.co.jp/news/2021/09/20/business/kyoto-bankruptcy-tourism/">Kyoto is facing bankruptcy. What happens now?</a> (Eric Johnston, The Japan Times)</li> <li> <a href="https://www.japantimes.co.jp/news/2021/08/11/business/kyoto-bankruptcy-restructuring-plan/">Kyoto's reconstruction plan calls for big spending cuts </a>(Eric Johnston, The Japan Times)</li> <li> <a href="https://www.japantimes.co.jp/photo-essay-kyoto-without-tourists/">Kyoto without tourists: How the ancient capital looks without its crowds</a> (Oscar Boyd, The Japan Times)</li> </ul> <div><br> </div> <div> <strong>On this episode:<br> </strong>Eric Johnston: <a href="https://www.japantimes.co.jp/author/int-eric_johnston/">Articles</a><br> Oscar Boyd: <a href="https://twitter.com/omhboyd">Twitter</a> | <a href="https://www.japantimes.co.jp/author/oscar-boyd/">Articles</a> | <a href="https://www.instagram.com/oscar.boyd/">Instagram</a><br> <br> <strong>Announcements:</strong> </div> <div>Subscribe to the show and sign up to the <a href="https://www.japantimes.co.jp/email-newsletters/">Deep Dive mailing list</a> to be notified when new episodes come out. Get in touch with us at deepdive@japantimes.co.jp.<br> <br> </div> <div>Support the show! Rate us, review us and share this episode with a friend if you’ve enjoyed it. Follow us on <a href="https://twitter.com/japandeepdive">Twitter</a>, and give us feedback.<br> <br> </div> <div>This episode of Deep Dive may be supported by advertising based on your location. Advertising is sourced by Audioboom and