Bananas, baseball and headaches - counting the cost of Tokyo's Olympic delay

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 24%
  • Publisher: 66%

Japan's Olympic delay has upended years of careful planning by organisers and spawned costly headaches for small businesses, hotels and even pro ...

Singapore Headlines News

Singapore Latest News, Singapore Headlines

Japan's Olympic delay has upended years of careful planning by organisers and spawned costly headaches for small businesses, hotels and even pro baseball teams, compounding a US$12 billion price tag.

He reckons the bulk of that, 423 billion yen, will be from actual costs - things like venue maintenance, reprinting of marketing materials and hiring new volunteers - with the remainder coming from a broader blow to the economy.The head of the International Olympics Committee has said the delay will mean additional costs for everyone.

The company has cut back production at its plants in nearby Saitama. It also makes cherry blossom- and panda-themed cakes, but Ohno said the Olympics one is made with rice flour, to give tourists a"taste of Japan".Japanese sponsors, who have paid a record US$3 billion to be associated with the Games, have complained privately about the uncertainty of the delay. Unlike global Olympic sponsors, most of the Japanese firms have signed up just for a year.

Jingu Baseball Stadium, home to Tokyo Yakult Swallows professional team, was slated to be used to store equipment by organisers during the Olympics, a Swallows spokeswoman said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Olympics delay a blow for virus-hit Tokyo hotelsThe shock postponement of the Tokyo 2020 Olympics has dealt a savage blow to Japan's hotels and tourism industry, already reeling from the impact of the coronavirus pandemic. 'This is an enormous shock for us, with sales in many of our member hotels already down by half because of plunging
Source: YahooSG - 🏆 3. / 71 Read more »

Law confident of securing Olympic spot despite Tokyo Games postponementFour years after being inspired by watching compatriot Justin Rose claim gold at the Rio Olympics, Bronte Law had all but secured a spot on the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Golf: Law confident of securing Olympic spot despite Tokyo Games postponementREUTERS: Four years after being inspired by watching compatriot Justin Rose claim gold at the Rio Olympics, Bronte Law had all but secured a spot ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Australia says no collusion in decision to withdraw from 2020 GamesThe Australian Olympic Committee (AOC) has said its decision to pull out of the 2020 Tokyo Games was unilateral and made without the knowledge of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Olympics delay a blow for virus-hit Tokyo hotelsTOKYO: The shock postponement of the Tokyo 2020 Olympics has dealt a savage blow to Japan's hotels and tourism industry, already reeling from the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Commentary: The eye-watering costs of postponing the Tokyo OlympicsThe cancellation is a double whammy for Japan. The economic and psychological toll on the nation is huge, says Patrick Reinmoeller. With a plummet of 58 % in number of visitors, Japan will bear a loss of almost $ 2.4 billion due to the postponing of Olympics.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »