Rio Olympics Costs Hits Total Of $13B OCA: Bach Visit Is Boost For Indian Sports Marius Vizer 'Attacks' IAAF President Olympic Notes Japan FA Reports $17.6M Surplus Sports Ministry Suspends PCI Guanabara Ecobarriers Cost More Than $10M Vizer Apologizes For IOC Attack Sports Suspend SportAccord Membership Difficult To Get NHL Players At '18 Games
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).