BUSINESS PARTNER
WHY TOKYO 2020 CAN BE MORE FINANCIALLY SUCCESSFUL THAN PREVIOUS GAMES
MOST PRIVATE SECTOR Support And Sponsors Ever
PRIME MINISTER SHINZO ABE HAILED THE COMPLETION OF THE NATIONAL STADIUM
There are often debates about the actual economic benefits of hosting an Olympic Games. The answer can often seem quite ambiguous, as it is often said the games value encompasses more than simply money
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hile this is certainly true, with Japan knowing more than others the positives of hosting an Olympics, the financial situations of the games can’t be merely overlooked. Recent games, such as the 2016 Rio Summer Games and the 2004 Athens Summer Games, are proof of this. If things are mismanaged and everything isn’t accounted for, the economic effects of hosting large scale events such as the Olympics can be felt throughout a country. However, positivity remains strong throughout the general public that Tokyo 2020 can yield much more economic gains than previous games. Lets take a look at just some of the factors that can help these games be more
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financially successful than games of the past. This upcoming Summer Olympic and Paralympic Games is not the first try for the Japanese government when it comes to organising the summer games. Tokyo hosted them back in 1964, and at that time it was the most expensive Olympic Games to date, with a budget of roughly two billion USD. Despite the huge financial burden it placed on Japan, it is easy to see that the benefits far outweighed the negatives. This is because the 1964 Tokyo Games were not about simply making money, but rather changing the stigmatism and helping to create a new global identity for the country. Tokyo 2020 is quite different, as the objective is less about
