The 2020 Olympic Games in Japan have been hit hard and hard questions have been asked who will foot the bill for postponing the Summer Games to 2021. President Mori said in a letter addressed to the 33 international federations of sports that a make up for the Tokyo Games programme indicating extra costs would be inevitable. Razzmatazz: Actor Billy Zane attends a ceremony during the Olympic flame torch relay for the Tokyo 2020 Summer Olympics. Around 390 billion Yen ($3.5 billion or Sh369 billion) of this loss would be the preparation costs. Private economists have estimated the overall domestic financial loss to reach 600 billion yen to 700 billion Yen, reports Asian Nikkei review.

Source: Standard Digital April 06, 2020 21:33 UTC