The IOC says it will follow the guidance of the World Health Organization, which has yet to make recommendations.
While the International Olympic Committee and Prime Minister Shinzo Abe have said the games, scheduled to start July 24, will take place as planned, analysts are starting to map out the economic and political repercussions of a cancellation or delay. In Japan, fears of a recession are already mounting after preliminary data showed the country suffered an annualised 6.3% quarterly slide in GDP during the three months ended December.
It’s still highly unlikely that the IOC, based in Lausanne, Switzerland, will elect to cancel the games. Dozens of companies, including Toyota Motor Corp and Alibaba Group Holding Ltd, have spent millions to sponsor these games.
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