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2020 Tokyo Olympics Inspiring $100B Spending Spree Across Various Industries

The lead-up to the 2020 Tokyo Olympics "has begun; construction is underway on event sites and hotels," according to Iwamura & Iwano of the NIKKEI ASIAN REVIEW. Total public and private sector investment is estimated to exceed 10T yen ($90B). The private sector "is expected to spend much more than that." Mizuho Research Institute sees the private sector's Olympic-inspired investment topping 10T yen. Dai-ichi Life Research Institute estimates it at 11.6T yen. The estimates "include urban renewal projects in Tokyo." While office buildings and residential complexes "are not really Olympic-related, they have been triggered by the Olympic frenzy." East Japan Railway "is also involved in Olympic-triggered construction." It plans to "pre-open" a train station between Tamachi and Shinagawa stations in '20. JR East, "as it is better known, is also renovating seven other stations in Tokyo." Also "falling into the Olympic-related basket are 60,000 hotel rooms that will be added across the country" at a total cost of nearly 1T yen ($8.9M), according to a Nikkei estimate. Mori Trust, a Tokyo-based property developer, "plans to open two Edition hotels, a superluxury Marriott brand," in central Tokyo in '20 (NIKKEI ASIAN REVIEW, 7/23).

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