In March 2020 it was estimated that approximately 640 billion Japanese yen would be lost from the one year postponement of the Tokyo 2020 Summer Olympics. Around 390 billion yen of this loss would be the cost of sports organizations preparing again for another year towards the Olympic games. More than 218 billion yen would be the loss of the originally expected long-term economic impact of the 2020 Olympics, such as the post-use of new permanent facilities and Olympic village, the expansion of tourism industry, or the urban development of Tokyo Prefecture.
On March 24 in 2020, the government in Japan announced that the 2020 Olympics would be postponed for around a year due to the global pandemic of coronavirus disease (COVID-19). The government expected the 2020 Olympics to be held by summer of 2021.
Estimated economical loss when the Tokyo 2020 Olympics are postponed for a year in Japan as of March 2020, by category
(in billion Japanese yen)
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Ryutsu news. (March 23, 2020). Estimated economical loss when the Tokyo 2020 Olympics are postponed for a year in Japan as of March 2020, by category (in billion Japanese yen) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1106385/japan-estimated-economical-damage-of-tokyo-2020-olympics-postponement-by-category/
Ryutsu news. "Estimated economical loss when the Tokyo 2020 Olympics are postponed for a year in Japan as of March 2020, by category (in billion Japanese yen)." Chart. March 23, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1106385/japan-estimated-economical-damage-of-tokyo-2020-olympics-postponement-by-category/
Ryutsu news. (2020). Estimated economical loss when the Tokyo 2020 Olympics are postponed for a year in Japan as of March 2020, by category (in billion Japanese yen). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1106385/japan-estimated-economical-damage-of-tokyo-2020-olympics-postponement-by-category/
Ryutsu news. "Estimated Economical Loss When The Tokyo 2020 Olympics Are Postponed for a Year in Japan as of March 2020, by Category (in Billion Japanese Yen)." Statista, Statista Inc., 23 Mar 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1106385/japan-estimated-economical-damage-of-tokyo-2020-olympics-postponement-by-category/
Ryutsu news, Estimated economical loss when the Tokyo 2020 Olympics are postponed for a year in Japan as of March 2020, by category (in billion Japanese yen) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1106385/japan-estimated-economical-damage-of-tokyo-2020-olympics-postponement-by-category/ (last visited November 10, 2024)
Estimated economical loss when the Tokyo 2020 Olympics are postponed for a year in Japan as of March 2020, by category (in billion Japanese yen) [Graph], Ryutsu news, March 23, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1106385/japan-estimated-economical-damage-of-tokyo-2020-olympics-postponement-by-category/
