In costly blow to Tokyo, Olympics are postponed a year

Refunding tickets, extending venue contracts and renegotiating sponsorships await

20200324N abe presser

Japanese Prime Minister Shinzo Abe speaks to reporters at the prime minister's office in Tokyo after a phone call with International Olympic Committee President Thomas Bach on Tuesday. (Photo by Arisa Moriyama)

FRANCESCA REGALADO and RURIKA IMAHASHI, Nikkei staff writers

TOKYO -- The Tokyo Olympic Games will be pushed back one year until the summer of 2021, Japanese Prime Minister Shinzo Abe told reporters Tuesday after speaking by phone with International Olympic Committee President Thomas Bach.

Sponsored Content

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