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Tokyo Games expected to bring in $280 bil. www.nhk.or.jp
The Tokyo Metropolitan Government estimates the 2020 Olympics and Paralympics will bring Japan economic benefits totaling more than 32 trillion yen, or about 280 billion dollars.
Tokyo officials say the estimate covers a 17-year period from 2013, when Tokyo won the hosting rights, to 2030, 10 years after the Games.
The estimated figures show that direct investments and visitor spending in the Games will generate about 30 billion dollars in economic benefits for Tokyo, and 16 billion dollars for the rest of the country.
Benefits from indirect investments and expenditures are estimated at nearly 150 billion dollars for Tokyo, and about 88 billion dollars for the rest of the nation.
Tokyo officials say they want to cooperate closely with other municipalities to ensure that the benefits will be felt across the country.
Published Date:2017-03-07
