According to estimates dating from January 2021, the Japanese government and other entities involved in hosting the Tokyo 2020 Summer Olympic Games would lose approximately 640 billion Japanese yen if the event was postponed. This has happened already. In case the Olympic Games were canceled altogether, the loss would amount to an estimated 4.5 trillion Japanese yen.
What is the public opinion on the hosting of the Olympic Games before and after the advent of COVID-19?
The people of Japan had high expectations regarding the Olympic Games, as can be testified by the share of persons looking forward to the Olympic Games at the end of December 2019. After the postponement and especially due to an increase in COVID-19 cases during 2020, former high expectations turned into apprehensions as the share of people in Japan who believed that the Tokyo 2020 Olympics would not be held became the majority during the summer months of 2020. Opinion surveys dating from the first months of 2021 showed that an increasing share of the Japanese population were favoring another postponement or cancellation.
Estimated economic loss of Tokyo 2020 Olympics in Japan as of January 2021, by scenario
(in billion Japanese yen)
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Kansai University. (January 22, 2021). Estimated economic loss of Tokyo 2020 Olympics in Japan as of January 2021, by scenario (in billion Japanese yen) [Graph]. In Statista. Retrieved October 05, 2024, from https://www.statista.com/statistics/1105665/japan-estimated-economical-damage-of-tokyo-2020-olympics-cancellation-postponement/
Kansai University. "Estimated economic loss of Tokyo 2020 Olympics in Japan as of January 2021, by scenario (in billion Japanese yen)." Chart. January 22, 2021. Statista. Accessed October 05, 2024. https://www.statista.com/statistics/1105665/japan-estimated-economical-damage-of-tokyo-2020-olympics-cancellation-postponement/
Kansai University. (2021). Estimated economic loss of Tokyo 2020 Olympics in Japan as of January 2021, by scenario (in billion Japanese yen). Statista. Statista Inc.. Accessed: October 05, 2024. https://www.statista.com/statistics/1105665/japan-estimated-economical-damage-of-tokyo-2020-olympics-cancellation-postponement/
Kansai University. "Estimated Economic Loss of Tokyo 2020 Olympics in Japan as of January 2021, by Scenario (in Billion Japanese Yen)." Statista, Statista Inc., 22 Jan 2021, https://www.statista.com/statistics/1105665/japan-estimated-economical-damage-of-tokyo-2020-olympics-cancellation-postponement/
Kansai University, Estimated economic loss of Tokyo 2020 Olympics in Japan as of January 2021, by scenario (in billion Japanese yen) Statista, https://www.statista.com/statistics/1105665/japan-estimated-economical-damage-of-tokyo-2020-olympics-cancellation-postponement/ (last visited October 05, 2024)
Estimated economic loss of Tokyo 2020 Olympics in Japan as of January 2021, by scenario (in billion Japanese yen) [Graph], Kansai University, January 22, 2021. [Online]. Available: https://www.statista.com/statistics/1105665/japan-estimated-economical-damage-of-tokyo-2020-olympics-cancellation-postponement/