Think Tank Predicts Tokyo's Hosting Of 2020 Olympics Will Have $191B Economic Impact
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).