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Tokyo 2020 Olympics

Tokyo Olympics secure $200m in sponsor money to cover delay

Japanese airlines JAL and ANA seen extending support despite virus woes

The Olympic Rings stand in the Japanese capital against a backdrop of the Rainbow Bridge and Tokyo Tower.   © Kyodo

TOKYO -- Corporate sponsors of the Tokyo Olympics and Paralympics are on track to provide an extra 20 billion yen ($192 million) to help pay to postpone the event to 2021, Nikkei learned Friday.

Of the games' 68 Japanese sponsors, the 15 so-called Olympic Gold Partners could provide 1 billion yen each, according to a source familiar with the matter. Terms are being ironed out before existing sponsorship deals expire at the end of the year.

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