Some Japan investors worry over Tokyo Olympics due to coronavirus

irms ranging from sports gear makers to event organizers.

"Calling off the Olympics is no longer unthinkable, and markets are starting to price that in," said Naoya Oshikubo, senior research manager at Mitsui Sumitomo Trust Asset Management, though he cautioned that was not his main scenario. Sports wear makers were also affected, with Asics Corp down 6 percent and Mizuno Corp down 3.8 percent.

The economy is likely to shrink further in the current quarter. Inbound tourism has dropped sharply since late January while many Japanese companies are starting to cancel large meetings and other events. "Assuming the same duration as SARS implies that the last new case would appear in late June and the WHO would declare the outbreak contained around late July," said Naohiko Baba, chief Japan economist at Goldman Sachs.

Not a crowning glory, the COVID-19 ☹️

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