This is the first time in their 124-year history that the Olympic Games have been moved or delayed during peacetime. Photo: Reuters

Coronavirus: Tokyo Olympic Games delay a blow to Japan’s economy but secondary to Covid-19 fallout

  • Estimates of damage from the postponement of this year’s event in Tokyo by one year range from 600 billion yen (US$5.4 billion) to 2 trillion yen (US$18 billion)
  • But the delay is overshadowed by the coronavirus outbreak which has deepened Japan’s recession fears having already caused tourism to grind to a halt
Topic |   Coronavirus outbreak
This is the first time in their 124-year history that the Olympic Games have been moved or delayed during peacetime. Photo: Reuters
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