(Reuters) – The close of the Tokyo 2020 Olympics does not mean the end of financial questions surrounding an event that went ahead without spectators and cost more than twice as much to host as initially planned. BUDGETThe bill for the Tokyo Olympics and Paralympics is expected to be 1.64 trillion yen https://myinfo.tokyo2020.org/general-search/facts-and-stats-tokyo-2020-olympic-and-paralympic-games ($15 billion), 22% higher than it was before the Games were delayed in 2020. That figure is also twice as much as the 800 billion yen estimate Tokyo submitted in its bid to host the games. In 2019 they spent nearly 4.81 trillion yen https://www.reuters.com/article/us-olympics-2020-cancellation-economy-fa-idUSKBN20Q0MD ($43.6 billion) in Japan at hotels, restaurants, shops and for other services. A normal Olympics could have added 0.33% to gross domestic product (GDP), or around 1.8 trillion yen, Nomura Research Institute estimated before the Games.

Source: MetroXpress August 08, 2021 08:15 UTC