Postponement costs for Tokyo Olympics, Paralympics to total 294 bil. yen

The organizers of the Tokyo Olympics and Paralympics reached an agreement Friday with the Tokyo metropolitan and Japan central governments on splitting an extra 294 billion yen ($2.83 billion) in costs arising from the one-year postponement of the games, along with countermeasures for the novel coronavirus.Tokyo Games organizing committee President Yoshiro Mori, Tokyo Gov. Yuriko Koike, and Olympics minister Seiko Hashimoto attended the three-party talks.The additional cost for postponing the games by a year is estimated at 198 billion yen, while the virus countermeasures will cost an extra…READ FULL ARTICLE