• Japan budgets $7.3bn for 2020 Tokyo Olympics

    Japan budgets $7.3bn for 2020 Tokyo Olympics

    Japan has earmarked $7.3 billion to build a new stadium and other infrastructure in anticipation of the 2020 Olympics in Tokyo, even as the Prime Minister Shinzo Abe hopes that the Games will provide Japan with a psychological boost, help him revive the nation’s struggling economy and breathe life into the business of sports.

    As this year’s Games closed in Rio de Janeiro, excitement was already building in Japan, which won 41 medals in Rio—its best Olympic performance.

    However, the budget for […]