What's the Economic Cost of Postponing the Tokyo Olympics 2020? Japan olympics

The economic impact of postponing the tokyo 2020 olympics is estimated to be $6bn. An olympics has never been postponed before, the challenge facing the organisers, japanese economy, and stakeholders is untested.

The full impact on the economy of postponing Japan’s Olympics is up for debate. Watch the video to find out about the economic importance of the tokyo olympics to the japanese economy, the role of tourism and more!

#japaneconomy #olympiceconomy #japan2020 #tokyo2020 #olympics

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Sources and Citations:

Micheal Houston. Japanese economists pessimistic about Tokyo 2020 Olympics going ahead. (20 June 2020) Inside the games. Retrieved from: https://www.insidethegames.biz/

Rurika Imahashi, Francesca Regalado. Olympics delay to cost Japan $6bn in economic losses. (24 March 2020) Nikkei Asian Review. Retrieved from: https://asia.nikkei.com/

Mark Schreiber. Counting the cost of postponing the Tokyo Olympics (25 March 2020) The Japan Times. Retrieved from: https://www.japantimes.co.jp/

Bank of Japan. Research and Statistics Department. Economic Impact of the Tokyo 2020 Olympic Games. January 2016

Chen Yurong. Will delaying the Olympics affect Japan's economy? (2 April 2020) China Global Television Network. Retrieved from: https://www.cgtn.com/

Japan GDP Growth Rate 1961-2020. Macrotends. Retrieved from: www.macrotrends.net

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