Japan Aiming to Attract Luxury Superyachts from Abroad

Politics

Tokyo, May 8 (Jiji Press)--The transport ministry is boosting efforts to attract superyachts owned by wealthy foreign individuals to Japan as their port calls are expected to generate major effects for the country's economy.

The ministry hopes that visits by superyachts, or large cruisers with a length of 24 meters or more, will help revitalize regional communities.

The ministry has been working with other government agencies to secure space for berthing facilities for superyachts and consider ways to make their port call procedures more efficient, aiming to prepare such measures before the 2020 Tokyo Olympics and Paralympics, officials said.

The number of superyachts has been increasing in recent years, standing at slightly below 10,000 worldwide in 2018. The superyacht market is expected to grow further.

While ports in countries in or along the Caribbean and Mediterranean seas are popular anchorage sites, only 10 superyachts visited Japan in 2018. Fifteen to 20 superyachts are expected to make port calls in the Asian country in 2019.

[Copyright The Jiji Press, Ltd.]

Jiji Press