TOKYO -- With a year to go until the opening ceremony, the budget for the Tokyo Summer Olympics and Paralympics has ballooned to 1.35 trillion yen ($12.5 billion) despite efforts to curb costs, while security and other issues boost outside expenses.
Event organizers face the task of ensuring that the games go on without a hitch while controlling costs. About 90% of the sporting venue construction has been completed, which is close to the schedule, and ticket sales have begun. The opening ceremony will be held on July 24, 2020.
