announcing the new date after the Games were delayed because of the coronavirus pandemic. The decision comes less than a week after organizers were forced to delay the Games under heavy pressure from athletes and sports federations as the global outbreak took hold.Today the International Olympic Committee announced new dates for the Tokyo Summer Olympics: July 23 to August 8, 2021, entrenching Japan’s economic devastation and creating problems for international sponsors.
Officials expected the Olympics to boost Japan’s recovery with massive tourism, as the country struggled economically pre-coronavirus and had been devastated by COVID-19, reportsThough Japan has had relatively low coronavirus virus cases, the global spread of the virus has hadWithout the Olympics, Prime Minister Shinzo Abe authorized a $530 billion relief package, the largest in the Country’s history.
Local and international corporations have already dropped massive amounts of money for the games: with Japanese companies paying an estimated $3 billion on sponsorships limited in timespan, hotels undergoing billion-dollar restorations and NBCUniversal spending $1.
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