and Japanese organisers are in the final stages of talks to set the opening date for the Tokyo Games in July next year, Japanese media says., will most likely have its opening ceremony in 2021 on July 23 and closing ceremony on Aug. 8, each a day earlier on the calendar than the original 2020 plan, said public broadcaster NHK on Sunday, citing unnamed sources.
Prime Minister Shinzo Abe announced a delay of about one year on Tuesday after a call with IOC President Thomas Bach. It is the first postponement in the 124-year history of the modern Olympics, although several – including the 1940 Tokyo Games – were cancelled due to war. The delay is a huge blow to Japan, which has invested $12 billion in the run-up, although financial markets initially cheered by the decision, as some investors had anticipated cancellation.
Economy Minister Yasutoshi Nishimura said on Sunday the government, now compiling economic-stimulus measures that Abe said will be the biggest ever, will take into account that the Olympic delay will push back several trillions of yen of demand to next year. “If demand is being pushed back until next year, that means the same amount of demand will evaporate this year. We’ll take this into account” in compiling the stimulus package, Nishimura told a television programme.
YA NOW I AGREE THAT SQUATTER CAMP DWELLERS ARE TAKEN AS REJECTS... COME VISIT HONEYDEW AND SEE FOR YOURSELF..ITS BUSINESS AS USUAL. NO POLICE NO SOILDIERS...
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »
LOCKDOWN OFFER | Pay just R60 to read Business Day & Financial Mail for 60 daysGet your business news fix for two months at this great price – no strings attached! Thanks. But no thanks. The same news is available on other media platforms. Maybe not the same day...but it will be shared
Source: BDliveSA - 🏆 12. / 63 Read more »