The cost of hosting the Tokyo Olympics and Paralympics last summer is expected to total 1.45 trillion yen ($12.7 billion), meaning there will be no extra burden on taxpayers as the amount is 191 billion yen less than an earlier budget plan, organizers said Wednesday.The cost savings, presented at an executive board meeting of the games' organizing committee in the Japanese capital, were achieved mainly because most events were held without spectators due to the COVID-19 pandemic."I think our cost reduction efforts have paid off," although there were numerous challenges, Toshiro Muto, CEO of…READ FULL ARTICLE
