'Simplified' Tokyo Olympics to trim 2% off estimated $12.7bn bill

Organizers wring out $283m in savings but stick to record number of events

20201007 tokyo olympics costs

In September, Tokyo Olympics organizers and the International Olympic Committee agreed on 52 steps to simplify the games. © Reuters

RURIKA IMAHASHI and FRANCESCA REGALADO, Nikkei staff writers

TOKYO -- Organizers of the Tokyo Olympics on Wednesday said their plan to "simplify" the games would cut costs by 30 billion yen ($283 million) -- about 2% of the estimated total outlays -- after the coronavirus pandemic forced a postponement to next summer.

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