Now, Osaka tourism bureau chairman Hiroshi Mizohata has spoken to Motorsport.com about the city's plans to make Osaka the next host of an F1 race.
“F1 will be the perfect catalyst for Osaka to become an international tourist city,” he said.
“In order for Osaka to achieve that, it is important to attract wealthy people from Europe, America, and Australia.
“We also believe that F1 will be the perfect catalyst for attracting luxury hotels and revitalising the nighttime economy.
"I went to watch the Singapore Grand Prix, and it was completely different from the image I had of F1. There were live events going on, and there were business meetings for luxury brands at nearby hotels.
“The circuit itself may be difficult to make (profitable), but if you consider the entire city, I think it has potential.
“At this point, I cannot say how many years from now we are aiming to make it happen. I think it will be a long-term plan."
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