As per report japan has not agreed to shoulder the additional costs for the postponement of the 2020 olympics, Chief cabinet Secretary Yoshihide Suga said on tuesday, after Kyodo news reported prime minister Shinzo Abe had committed to cover the costs. Suga told reporters at a regular press briefing "It's not true there has been an agreement on an additional cost burden".
Meanwhile the financial impact of postponing the Summer Games by a year is still being worked out, the international Olympic Committee said, noting that japan and the ioc were responsible for their respective share of the costs in line with their contract. ioc said "For the ioc, it is already clear that this amounts to several hundred millions of dollars of additional costs".
Earlier, Kyodo news agency reported that Abe had agreed that japan would shoulder the cost, which Kyodo said amounted to around $3 billion.Japan's top government spokesman, Yoshihide Suga, said on tuesday Abe had not agreed to any additional costs.The pandemic had already led to many sporting events around the world being delayed or canceled. After weeks of insisting the olympics would go ahead, organizers bowed to what many said was the inevitable and delayed what is the world's premier sporting gathering.More than 24,00,000 people have been infected around the world with over 1,69,000 deaths and governments are taking ever tougher measures such as lockdowns to try to halt the outbreak and support overburdened medical infrastructure.
