Estimated economic loss of Tokyo 2020 Olympics in Japan 2021, by scenario
Hitherto expenses and planned revenue
The fifth version of the budget announced in December 2020 by the Tokyo Organizing Committee of the Olympic and Paralympic Games (TOCOG), a total of approximately 1.64 trillion Japanese yen was expected to be spent for the preparation of the postponed Olympic and Paralympic Games. Venue-related expenses comprised the lion’s share of the expenditure, as the organizers built 19 new venues (10 of which were temporary) and renovated 18 others.Disregarding expected economic ripple effects, Japan’s planned expenditure for the games exceeded its foreseen revenue.