Tokyo 2020 Olympics are postponed amid coronavirus pandemic - www.cnbc.com

Excerpts from article:

...The games, which had been scheduled to end Aug. 9, will take place "No later than summer 2021," the IOC said.

...Abe spoke to reporters after a phone call with IOC President Thomas Bach on postponing the Games amid growing concerns over the coronavirus pandemic.

...The Canadian Olympic Committee and the Canadian Paralympic Committee withdrew the from the 2020 Summer Games over the weekend.

...The 1940 Summer Games, originally to be held in the capital of Japan, were canceled because of World War II. The Bank of Japan estimated 33 million visitors were set to visit Tokyo in 2020 and "Aggregate construction investment associated with the Olympic Games will amount to a total of 10 trillion yen."

...Former BOJ board member Sayuri Shirai told CNBC a cancellation of the games would hurt businesses in Japan, calling the issue "Serious." She added the government "Doesn't want to talk about" the economic hit Japan would suffer if the games are cancelled.

Submitted 4 days ago


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