Postponing the 2020 Olympics
The postponement of Tokyo 2020 was not a decision taken lightly: it came after the pressure to cancel or delay the event due to the risks of the new virus.
The financial blow of canceling the games will be substantial for Japan, which has already invested at least $12.6 billion into the 2020 Olympics; by some estimates, it would reduce Japan’s annual GDP growth by 1.4%.
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