Japan’s Tokyo Olympics total funding estimate released

Original title: Estimated total funding for the Tokyo Olympic Games in Japan released

China News Service, December 23. According to a comprehensive Japanese media report, the Tokyo Olympic and Paralympic Organizing Committee announced on the 22nd that the total funding for the Olympic Games is expected to reach approximately 1.5 trillion yen (approximately 83.7 billion yuan). The report pointed out that due to the impact of the new crown epidemic, the effect of investing huge funds will be questioned.

Data map: Japanese people line up and take a photo with the Five Rings outside Tokyo National Athletic Stadium, Japan.Photo by China News Agency reporter Han Haidan

According to reports, due to the postponement of the 2020 Tokyo Olympics due to the new crown epidemic, most of the venues are empty without spectators. Therefore, the total funding is nearly 1.6 trillion yen (approximately RMB 90 billion) from the December 2020 budget. ), a decrease of 191 billion yen (approximately RMB 10.7 billion).

However, in 2013, during the Olympic bidding phase, Japan’s bid documents submitted to the International Olympic Committee (IOC) stated that the holding funds were 734 billion yen (approximately RMB 40.9 billion), which nearly doubled the actual scale.

According to the report, the actual scale of funding has expanded so far, and whether the huge public expenditure can be understood by Japanese citizens will become a problem.

In response, Toshiro Muto, secretary-general of the Tokyo Olympic Organizing Committee, explained that the initial number of bids included the construction cost of the venue and the competition facility itself, but did not include the operating cost. When using related facilities, the surrounding area must be improved, and various additional costs will be incurred. “It is impossible to compare the original figures with the figures announced this time.”

On the other hand, the report also said that in the absence of tourists visiting Japan and the economic effect of the situation is greatly reduced, the effect and significance of the huge investment will be questioned.

In addition, the report pointed out that the Tokyo Metropolitan Government of Japan and the Japanese government have no additional financial burden. The final settlement result is expected to be released around June 2022.

The Tokyo Olympics will open on July 23, 2021 and close on August 8, and the Paralympics will open on August 24 and close on September 5.


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