Tokyo Games organizers to raise opening, closing ceremony budget

The Tokyo Games organizing committee is planning to increase the budget for the opening and closing ceremonies of the postponed Olympics and Paralympics to 16.5 billion yen ($159.7 million), sources close to the games revealed Monday.Organizers have decided to raise the budget by an additional 3.5 billion yen due to the influence of the games' one-year postponement over the coronavirus pandemic, the sources said. The increase will be discussed at a board meeting on Tuesday.Related coverage:Russia's Tokyo Olympics ban upheld, suspension shortenedREAD FULL ARTICLE