Japans economic losses may reach 640.8 billion yen due to the postponement of the Tokyo Olympic Games

 Japans economic losses may reach 640.8 billion yen due to the postponement of the Tokyo Olympic Games

The cost of complexity, the BBC reported, Bach described the postponement of the games as an extremely complex challenge unlike pushing the football match to next Saturday - some key venues for the games may no longer be available, hotel rooms already booked are very difficult to handle, and the global schedule of at least 33 Olympic events needs to be adjusted, which is just for the public A small part of the multi challenge. Reuters said that for athletes who continue to prepare for the Olympic Games, the extension will break the original training plan and affect the training status. For field events, if the extension time is too long, the qualification selection may need to be carried out again. Radio France Internationale described the challenges of the extension as overwhelming.

The Olympics is not only a sports event, but also an important economic activity. Japan has invested more than 31 billion US dollars in the Olympics. According to AFP, most of the venues for the Tokyo Olympic Games have been built, many tickets have been sold, and the extension is a devastating blow to Tokyo, which has won praise for its excellent organization. The United States Wall Street Journal said Thursday that the host country should bear the cost of the postponement, the maintenance of sports venues and facilities, and other costs include the expenses of Japanese athletes trials and Olympic Games promotion. According to Yoshio Miyamoto, an honorary professor at Kansai University in Japan, the postponement will cost the Japanese economy 640.8 billion yen. Reuters said huge investment from sponsors and TV broadcasters could also be wiped out. Olympic rights contracts with NBC account for 50-70% of the IOCs annual revenue.

German sports TV one commented that the one-year extension means that the Beijing Winter Olympic Games will be held a few months after the Tokyo Olympic Games, the shortest interval in history. Will this affect the Beijing Winter Olympic Games? According to Wang Dazhao, a senior sports journalist, the answer is No. In an interview with the global times on the 24th, he said that the summer Olympic Games and Winter Olympic Games are different in terms of venue facilities, competition project settings and competitors.

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