The Olympics were delayed for a year because of the novel coronavirus pandemic. According to one estimate, the additional costs to hold the event next summer will total 300 billion yen ($2.7 billion). However, the Tokyo metropolitan government has also been forced to dip into its budget to cover various support measures for local companies that have been asked to close or reduce operating hours to prevent a further spread of COVID-19 infections. The total cost of these measures has reached at least 1 trillion yen, effectively wiping out the metropolitan government's fiscal adjustment fund.
We already know the answer to that. It will primarily be taxpayers.Mr Mori, the president of Tokyo 2020 Organizing Committee, echoed these sentiments last week and posed a "Big if" question that nobody really wants to address right now: if the Games end up being scrapped, who will pay the damages stemming from the building of stadiums and selling of tickets?
Japan's government has privately concluded the Tokyo Olympics will have to be cancelled because of the coronavirus pandemic, The Times reported, citing an unnamed senior member of the ruling coalition. [...] The government's focus is now on securing the Games for Tokyo in the next available year, 2032, the newspaper said.
Probably it would be no worse than a robust Go To Travel campaign.@thomas, does that 90 B JPY include the expected losses to local businesses who would normally see an increase in business during the Olympics or is it just the loss of the ticket sales themselves?
I'm not arguing for having the Olympics, just curious what the number actually includes.
I actually think they should just cancel it. Even if it were limited to only Olympians and their support personal the extra international travel could result in an increase of COVID-19 cases. Even with vaccinations, we just don't know how effective they will be yet.
Does that 90 B JPY include the expected losses to local businesses who would normally see an increase in business during the Olympics or is it just the loss of the ticket sales themselves?
Holding the Tokyo Games without spectators would deal a blow to the organizing committee, which expects to make revenue of 90 billion yen ($867 million) from ticket sales.
The opening ceremony is always interesting for sociological reasons, such as what the country decides to portray about itself to the rest of the world. Japan's could be particularly interesting because of the combination of a country that makes an enormous attempt to market its image and the completely tone deaf old fossils who seem to run everything.How about a JREF delegation? Think about all that publicity...
I'd be keen on cheering the peloton in the bicycle race from Hashimoto to Lake Yamanaka. Not very interested in anything else, including the opening ceremony.
I believe the marathon is going to be held in Sapporo this time, mostly due to concerns about the heat.You guys that are near Tokyo should go line the marathon route or something. Then go out for beer afterwards.
Touché. I felt that having Abe Shinzo dressed as Mario at the Rio Olympics closing ceremony was a perfect example of this—way to ruin one of Japan's most beloved cultural exports by associating it with a fusty old politician.The opening ceremony is always interesting for sociological reasons, such as what the country decides to portray about itself to the rest of the world. Japan's could be particularly interesting because of the combination of a country that makes an enormous attempt to market its image and the completely tone deaf old fossils who seem to run everything.
That sounds like it would be nice. But yeah, I'm feeling similarly kind of detached from it all.I'd be keen on cheering the peloton in the bicycle race from Hashimoto to Lake Yamanaka. Not very interested in anything else, including the opening ceremony.
People overseas who purchased tickets for the Tokyo Olympics can expect to have their costs fully refunded through sales representatives in the countries concerned, according to the Tokyo organizing committee. The committee said a combined 630,000 tickets for the Summer Games were set aside for international buyers. [...] The value of tickets to Olympic and Paralympic events, including those sold overseas, was estimated at 90 billion yen ($825.6 million) as of late last year. The decision to ban international spectators, which was made March 20 in response to concerns about the COVID-19 pandemic, means less revenue from tickets sales. After officials announced a one-year postponement of the Summer Games last year, refund requests poured in for about 810,000 tickets or 18 per cent of 4.45 million tickets to Olympic events that had been sold in Japan.