Home Sport The postponement of the Olympic Games, another shock for Japan

The postponement of the Olympic Games, another shock for Japan

by drbyos

The Japanese Olympic Committee estimates the cost of postponing the Olympics at 2.5 billion euros. A salty note for a “patient” at worst.

Through Régis Arnaud

A masked man walks past the Olympic flame on Wednesday in Iwaki, Fukushima region.
A masked man walks past the Olympic flame on Wednesday in Iwaki, Fukushima region. KYODO / via REUTERS

Tokyo

Tokyo woke up on Wednesday to the position of a jumping rider whose hedge had suddenly moved a hundred yards away – and with a weight on his back. By deciding, with the International Olympic Committee, to organize the 2020 edition of the Olympic Games a year later, the host country has added an additional financial burden which it would have done well: according to business daily Nikkei, the Japanese Olympic Committee estimates the additional cost of the postponement at 300 billion yen (2.5 billion euros), without justifying it seriously.

Games or not, the country is going through a very bad economic past. 1er Last October, the government had increased the consumption tax from 8 to 10%, causing a massive shock on the activity appeared from the growth figures in the last quarter of 2019. Later, the revelation of the first case of coronavirus, mid – January, had struck another blow to the patient “Japan”, encouraging consumers to stay at home. For everyone

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