Tokyo 2020 will reveal next week that it has been unable to find cost savings for the Olympics and Paralympics, with the budget to remain at 1.35 trillion yen (about $11.9 billion), the same as outlined in its second budget, sources said.According to organizing committee sources, even after working on identifying cost-cutting measures with the International Olympic Committee, operating costs related to issues such as transport mean that the best that Tokyo can do is to maintain the current spending levels, having been unable to find significant savings.Organizers are expected to release the…READ FULL ARTICLE
