Tokyo Olympics cost less than budgeted, need for extra money unlikely

The total cost of the Tokyo Olympics and Paralympics was at least 150 billion yen ($1.3 billion) less than expected as the games were mostly held without spectators, helping to cut labor costs and other outlays, officials with knowledge of the matter said Friday.Cost reductions stemming from the absence of spectators due to the coronavirus pandemic more than compensated for losses on ticket sales, estimated at around 90 trillion yen, meaning there is unlikely to be an additional burden placed on taxpayers.The total cost, split by the organizing committee, and the central and the Tokyo metro…READ FULL ARTICLE