Tokyo Olympics price tag skyrockets by $3bn

One-year delay will incur additional labor and refinancing costs

20200325 New National Stadium

New National Stadium, the main venue for the Tokyo 2020 Olympics and Paralympics. (Photo by Hiroyuki Yamamoto)

Nikkei staff writers

TOKYO -- The Tokyo organizing committee has estimated that the Tokyo Olympics and Paralympics will cost an additional 300 billion yen ($2.7 billion), Nikkei learned on Wednesday.

The price tag for the 2020 Games will increase due to being postponed, incurring additional labor costs and venue rental fees.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.