Stormy year ahead for Japan's tourism industry as Olympics put off

Now that the Tokyo Olympics and Paralympics are postponed until next year, concerns are growing about whether small and midsize businesses in the tourism and service industries can weather the coronavirus shockwave until the events are held next year, economists and analysts say.With tourist traffic drying up and domestic consumption severely hit by social distancing, tour operators, hotels and eateries were expecting the Summer Games to bring an inbound tourism recovery, before Tokyo and the International Olympic Committee agreed Tuesday on the one-year delay.The postponement will likely w…READ FULL ARTICLE