Surplus funds from the 2025 World Expo in Osaka, western Japan, are expected to be used in three areas, including development of the event site.
The Expo drew more than 25 million visitors. Up to 37 billion yen, or about 230 million dollars, in surplus is expected from operating the event.
Japan’s industry ministry, the Osaka Prefectural Government and others held an expert panel meeting on Monday to review the Expo’s results. A draft report was presented outlining plans to use the surplus to “pass down the legacy” of the event.
The draft says part of the funds will be used to expand networks created in Japan and abroad through the event, and to provide opportunities for cultural and artistic activities. The remainder will go toward development of the Expo site and hosting events there.
About 10 billion yen is expected to be allocated to each of the three areas. The organizations that will receive the funds and the exact amounts are to be determined by the end of March 2028, when the Japan Association for the 2025 World Exposition is scheduled to dissolve.
Industry Minister Akazawa Ryosei said the significance of the Expo will not fade even amid an uncertain international situation, and that its value should be passed on to the next generation. He added that the government will work together toward that goal.
The official report is to be compiled around June after incorporating public feedback.