Toyota Exec: Tokyo Real Estate Markets Will Boom If City Wins 2020 Olympics Bid
Toyota Motor honorary Chair Fujio ChoReal said that "real estate markets will boom and Tokyo Bay will be redeveloped if the Japanese capital wins the right to host the 2020 Olympics," according to JAPAN TODAY. Cho said that "the already busy city would become even livelier if the sporting extravaganza came to town." Cho said if Tokyo's bid is successful, "It's certain that real estate markets will be quite active. Without doubt, the Tokyo Bay area will be redeveloped on a large scale." The investment boost that hosting the Games could bring "would be a welcome fillip for Japan, whose economy has struggled for much of the last two decades." It "would also dovetail well with a renewed push by the government to turn things around, with lavish public spending promised for infrastructure projects" (JAPAN TIMES, 7/25).