Will Kyoto go bankrupt? Japan’s ancient capital swims in debt as coronavirus keeps foreign tourists away

Kyoto, the ancient Japanese capital that tourists flocked to in their millions pre-pandemic, is in danger of going broke as it struggles to offset billions of dollars in debt racked up through big-budget infrastructure projects with persistently low tax receipts and millions in lost tourism revenue.Just a few short years ago, the city synonymous with Japan’s history, culture and traditional architecture would play host to as many as 50 million domestic and international visitors annually.But…