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Japan spreads Olympic cancellation theory (CG)
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Officials from the Japanese government stated that they are reviewing three measures, such as’no upper limit’, ‘50% reduction’, and’no audience’, regarding the plan to accommodate the stadium crowd, and emphasized that Japan is moving to host the Olympics. The newspaper reported on the 23rd.
The holding of no spectators is expected to be a major blow to Japan.
According to the Tokyo Newspaper, Katsuhiro Miyamoto, an emeritus professor at Kansai University (theoretical economics), said that if the Tokyo Olympic and Paralympic Games were held without spectators, the economic loss would amount to about 2,433.3 billion yen (25,7 trillion won). It was announced the day before.
The loss is less than canceling, but it is likely to be an honor with only wounds.
According to an estimate made in March last year, the economic loss in case of cancellation was 4,5151 billion yen (about 48.01 trillion won).
The launch of the US administration by Joe Biden can be seen as a bad news for Japan, who wishes to host the Olympics.
Former President Donald Trump, who is close to Abe, saved Abe from a crisis last year by proposing a plan to postpone the Olympics for a year, but it is unclear whether President Biden, who values quarantine, will give a favorable message regarding the hosting of the event.
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