ISDS Lands $2.2B Security Deal For Rio '16 Singapore Concedes Loss To Japan Serbia Complains About Kosovo Recognition IOC President Promises Bidding Overhaul DOSB Doesn't Rule Out Winter Games Bid IOC To Discuss Kosovo Recognition Kazakhstan Seeks Foreign Investment IOC Seeking Bid Cities For 2024 Games IOC Demands Explanation From RTF Chief Rio's Golf Course Grass Under Threat
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
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).