The economic impact of cats -- referred to in Japan as "nekonomics" or "catnomics" -- including the cost of keeping the pets in this country is predicted to reach around 2.91 trillion yen (about $19.50 billion) in 2025, according to an economist. Kansai University Professor Emeritus Katsuhiro Miyamoto estimated the figure ahead of Feb. 22, which is informally dubbed "Cat Day" in Japan, as the date "2-2-2" in Japanese sounds similar to "nya nya nya" (equivalent to "meow meow meow"). This year's figure is apparently close to the actual economic impact of the Tokyo 2020 Olympics. The Japan Pet Food Association announced in 2023 that the average monthly cost of raising one cat, including food, in Japan is approximately 11,004 yen (around $74). Since the national consumer price index for December 2024 rose by 3.6% compared to the same period the previous year, and assuming the same rate of increase in 2025, Miyamoto estimated it would cost 11,811 yen (roughly $80) a month, or 141,732 yen (approx. $950) annually to own a cat.