Site icon YCNews

Tokyo Olympic Games held in empty venues economic losses may reach 2.4 trillion yen

Tokyo Olympic Games held in empty venues economic losses may reach 2.4 trillion yen

People walk past closed shops on a street in Shinjuku, Tokyo, Japan, on January 22. ( Photo by Du Xiaoyi, Xinhua News Agency)

Kyodo News on January 24, Japan Kansai University Professor Emeritus Katsuhiro Miyamoto (theoretical economics) 22 published estimates show that the impact of the expansion of Coronavirus Pandemic

If the Tokyo Olympic and Paralympic Games held in empty venues, economic losses will amount to about 2.4133 trillion yen.

The estimate is based on the expected economic effects of the Tokyo Olympic and Paralympic Games Preparatory Bureau, taking into account various losses.

The estimated loss is about 719.8 billion yen for participants and spectators of the games and consumer spending of households, about 640.8 billion yen for the one-year postponement, and about 1.0527 trillion yen for the post-closing sports promotion.

According to the estimate in March last year, if the Olympic Games are canceled, the economic loss will reach about 4.5151 trillion yen.

Exit mobile version