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Business trends

Japan promotes business jet market ahead of 2020 Olympics

Airlines and trading houses to tap Asian VIPs as government adds airport facilities

Trading house Sojitz plans to expand its fleet of business jets in Japan and elsewhere in Asia, anticipating a rise in the number of well-heeled travelers.

TOKYO -- Public and private efforts are underway in Japan to promote the use of business jets ahead of the Summer Olympics, which Tokyo will host in 2020.

Trading house Sojitz plans to triple the size of its fleet of business jets for charter flights, while the transport ministry will provide subsidies to build facilities to help local airports handle private jets. The moves are aimed at meeting growing demand for VIP business and leisure travel, especially from Asian countries, and are expected to fuel Japan's tourism boom.

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