China President Promises Clean Games Olympic Notes Tokyo 2020 Golf Venue Drawing Criticism Researchers Want College Sports Reform COE Boss Says Madrid Deserves Games Chinese President Meets IOC President 2018 Games Are Clean, Chief Says Jamaican Team Raising Money For Coach Seibu Dome To Be Renamed MetLife Dome Tokyo Gov. Urges Golf Club To Allow Women
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
May 31 - Jun 1
SBD Global/January 7, 2014/Olympics
Think Tank Predicts Tokyo's Hosting Of 2020 Olympics Will Have $191B Economic Impact
Published January 7, 2014
The Institute for Urban Strategies said on Monday that Tokyo’s hosting of the 2020 Olympic Games will generate up to 20T yen ($191B) "in spillover effects for the economy," according to KYODO. The institute said in its report that "hosting the Olympics could create roughly 1.21 million jobs nationwide if the government gets around to deregulation." The figure combines the institute’s estimate with the Tokyo Metropolitan Government’s projection of 3T ($28B) "in positive economic effects partly based on demand for infrastructure." The institute also predicts that "jobs will be generated as more foreign companies enter the Japanese market to take advantage of the much-assumed deregulation" (KYODO, 1/6).