Kyoto Prefecture Financial Profile and Fiscal Reforms
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Kyoto Prefecture Financial Profile and Fiscal Reforms October 2019 Contents Kyoto Prefecture: Introduction 2 Vision for Kyoto Prefecture 7 Current Financial Profile and Fiscal Reforms 11 Prefectural Bond Issuance Operation 18 Kyoto Prefecture: Introduction Overview of Kyoto Prefecture Kyoto is one of the biggest prefectures in Japan with a population and economy ranked between the 10th and 15th in the nation. It has an arterial transportation network stretching from east to west, including the Meishin Expressway, Shin-Meishin Expressway, and Tokaido Shinkansen, as well as excellent accessibility from major airports—about 55 min. from Osaka International Airport and about 75 min. from Kansai International Airport—making it a sightseeing destination for an increasing number of foreign tourists. That plus the expressway has stretched from Kyotango City in the north to Kizugawa City in the south with the opening of the route between Joyo JCT/IC and Yawata JCT/IT on the Shin-Meishin Expressway. Further development is therefore expected in Kyoto’s economy. Basic Facts about Kyoto Prefecture Kyoto Prefecture Transportation Network Area 4,612 km2 31st in Japan 2018 Tottori Toyooka Miyazu Expressway 【Status of Maizuru Port】 ◆Frequency of cruise port calls 23 (2018) → 33 (2019E) Population 2.59million 13th in Japan 2018 Kyoto Maizuru Port Kyotango City Prefectural GDP 10,345.5 billion yen 13th in Japan FY2015 Kyoto Prefectural Income million yen th in Japan FY2015 Prefecture per Capita 2.94 17 Tokaido Shinkansen Manufacturing Value Kyotamba-Wachi IC to Tamba IC Added th 2,198.4 billion yen 16 in Japan 2017 Opened on July 18, 2015 *Businesses with 4 or *Fully completed more employees Shin-Meishin Expressway Osaka Int’l Airport (Itami) Annual Retail Sales 2,811.5 billion yen 13th in Japan 2015 Keinawa Expressway Keinawa Joyo JCT/IC to Yawata Kizugawa JCT/IC City Opened on April 30, 2017 Legend Osaka Bay In service Under Construction (including surveying and investigation) Construction not started Kansai Int’l Airport (KIX) 3 Kyoto’s Unique Industries Kyoto's economy is supported by industries that create value that is unique to Kyoto, such as the tourism and traditional industries supported by 1,200 years of history and culture, as well as high-technology industries that combine the technological excellence of Kyoto's traditional industries with innovative ideas. Kyoto establishes one-stop system to support start up business, management and human resource development based in Kyoto Keizai Center started operations in March 2019. Nishijin brocade Lacquerware Kyoto City was ranked top 10 in the world’s best cities for the seventh year in a row Kyo-yaki and Kiyomizu-yaki History and Culture Kyo yuzen dyeing by readers of the US magazine, Travel+Leisure ceramics Kyo butsudan ・Visitors for sightseeing: 85.05 million Tango chirimen (Buddhist altars) ・Overnight visitors: 17.60 million (silk crepes) Of which international overnight visitors: 4.59 million (highest ever) Designated “300 Years of Tango Chirimen Textile ・Tourism expenditure: Road” as Japan Heritage (April 28, 2017) Traditional Tourism 1,370.1 billion yen (highest ever) Industry (2018) Ceramic technology for Ceramic capacitors and artificial teeth Technology Unique industrial Textile technology for structure harnessing the Beauty of Nature Surface acting agents and polymer drug strengths of Kyoto Northern Kyoto Amanohashidate and Global Geopark Central Kyoto Academic Institutions Ashiu Forest and villages of Southern Kyoto Tamba highlands ・Seven national and public universities and Uji tea production scenery 27 private universities (Largest number of students and universities per population) Industry-University High-Tech ・RIKEN established an iPS drug discovery Cooperation base in Kansai Science City Industry Kyoto Keizai Center (Opened on March 16, 2019) Nintendo Co., Ltd. Business organizations Omron Corp. (Kyoto) (Kyoto and Uji plants) in Kyoto gathered to provide opportunities to Kyocera Corp. (Kyoto) Horiba, Ltd. (Kyoto) “communicate and Shimadzu Corp. (Kyoto) Murata Manufacturing Co., Ltd. (Nagaokakyo) collaborate” to create new values 4 Kyoto Firms Creating High Added Value Supported by Kyoto’s unique strengths in technologies, the Kyoto-based manufacturing industry holds significant shares of Japan’s high- technology product markets and others. Home to many companies operating profitable businesses that employ their own home-grown technologies, Kyoto boasts the 10th highest corporate taxable income in Japan. Kyoto's Major Products Corporate Taxable Income by Prefecture Industry Products Shipments Rank Taxable Income Number of Rank Prefecture Pollution measuring instruments 9.6 billion yen (35%) 1 (Million yen) Firms Rank Advanced Photometers, illuminometers 5.2 billion yen (26%) 1 1 Tokyo 24,741,028 566,866 1 Technology 2 Osaka 5,350,110 229,519 2 & Material testing equipment 13.0 billion yen (39%) 1 Research 3 Aichi 3,216,655 157,654 4 Equipment Medical X-ray equipment 20.4 billion yen (14%) 1 4 Kanagawa 1,687,960 176,724 3 Dental apparatus and equipment 12.0 billion yen (16%) 2 5 Fukuoka 1,121,268 97,093 9 Ready-made kimono and obi 6.8 billion yen (38%) 1 6 Hyogo 1,050,210 99,442 8 Chirimen textile 2.8 billion yen (79%) 1 Traditional 7 Saitama 944,814 104,443 7 Crafts 1.2 billion yen (50%) 1 Jacquard card 8 Chiba 912,909 130,083 5 4.9 billion yen (15%) 1 Religious equipment 9 Hokkaido 897,516 113,226 6 Sake 61.2 billion yen (13%) 2 10 Kyoto 745,949 56,678 12 Food & Japanese confectionery 35.2 billion yen ( 6%) 1 Beverages 11 Shizuoka 733,784 73,552 10 Green tea (refined tea) 37.3 billion yen (15%) 2 12 Hiroshima #10 in Taxable Income 712,619 60,047 11 Source: METI: 2018 industry statistics (domestic market share in %) 13 Niigata 411,425 41,767 16 #12 in Number of 14 Miyagi Firms 406,783 42,070 15 15 Gunma 394,051 41,571 17 Source: National Tax Agency (avg. of FY2013-FY2017) 5 Tourism Industry Supporting the Prefectural Economy Kyoto has an abundance of tourism resources, including cultural assets, such as the ancient capital and Amanohashidate, one of Japan‘s top three scenic wonders. Its history, culture, natural environment, and scenic beauty are magnets for visitors from around the world, and tourism plays an important role in Kyoto’s economy. Kyoto mapped out comprehensive tourism strategy (policy for all industry to achieve growth and development from a perspective of tourism) in March 2019 “Kyoto by the Sea” - No. of visitors to northern Kyoto tops 10 million. By using “Umi no Kyoto (Kyoto by the Sea) DMO” and offering hospitality to increasing cruise ship passengers, Redbrick Warehouses San’in Kaigan (Important赤れんが倉庫 cultural property we aim to make this area one of the top tourist destinations Geopark Amanohashidate天橋立 designated(国重要文化財) by the national (One of the Three Most government) in Japan. Beautiful(日本三景) Views in Japan) Kiyomizu-dera (World清水寺 Heritage site; (世界遺産・国宝)national treasure) “Woodland Kyoto” (New quasi-national park) -Supporting the growth and prosperity of the former imperial capital Kyoto Under “Morino Kyoto (Kyoto in forests ) DMO", we will further Tango山陰海岸 Chirimen Textile Road” promote the development of tourist destinations which highlight Japanジオパーク Heritage site Kyoto’s rich natural environment, abundant forests, the lifestyle and Kyoto Tamba Kogen culture of unspoiled countryside areas (Satoyama) that coexist with Quasi-National Park Byodo-in Kyoto City, as well as Kyoto’s agriculture and forestry businesses with (World平等院 Heritage site; Kyoto City Rafting on stupendous craftsmanship (世界遺産・国宝)national treasure) 保津川下りHozugawa 京都市 “Kyoto infused with tea” Old Prefectural Hall - Inheritance of legacy of “Kyoto Infused with Tea Expo” (Important京都府庁旧館 cultural property designated(国重要文化財) by the national government) We are committed to conveying the Soen Nagatani attractiveness of tea culture and the landscape of Birthplace (Japan Heritage site) tea fields, and promoting tourism, the premium Take流れ橋-no-Michi Uji tea brands, and innovation in the tea industry (Bamboo Road) under "Kyoto infused with tea DMO" “Kyoto Otokuni Banboo Grove” Kamikoma Tea Another gateway of Kyoto Wholesale District Muko, Nagaokakyo and Oyamazaki, which are famous for (Japan Heritage site) cultural heritage including remains of Nagaokakyo and Tennouzan, as well as bamboo forests and young bamboo #2 in Japan National Heritage Sites 2,187 2019 (16.5%) shoots, are positioned as “Otokuni, village of bamboos” and Protected Historical #1 in Japan promote tourism policy named “Kyoto, Princess Kaguya 8,513 ha 2017 Areas (42.4%) tourism” Sources: Agency for Cultural Affairs, Ministry of Land, Infrastructure, 6 Transport and Tourism Vision for Kyoto Prefecture Comprehensive plan (provisional) -final draft Comprehensive plan (final draft), which will be an administrative policy for Kyoto, was submitted in September and under consideration The plan, which shows the vision of Kyoto of 20 years later, consists of ideological future vision and basic plan showing specific measures for over 4 years and regional development plan Summary of final draft of Comprehensive plan (provisional) Future vision of Kyoto of 20 years later Kyoto where dreams of citizens of all areas will come true Future Vision (1)Place importance on citizens and communities (2)Create new value with cultural strength 4 aspects (3)Protect and create rich industry (4)Safety, security and environmentally friendly 5 challenges in collaboration with citizens Challenges in collaboration