The Tokyo 2020 Olympic and Paralympic Games are projected to generate economic activity in Japan worth three trillion yen (US$37.9bn), and create 150,000 jobs.
According to research conducted by the Tokyo 2020 bid committee, the report envisions the Tokyo 2020 Games having a powerful economic impact in numerous sectors, including supplier contacts for local and international businesses, administrative activities (Opening and Closing Ceremonies, competition management, transport and security) and the short and long-term benefits of tourism and job creation.
Tokyo 2020 CEO Masato Mizuno said, “Tokyo 2020 promises to be a financially robust Games due to vast resources guaranteed by the Tokyo Metropolitan Government, along with strong backing by corporate Japan. Furthermore, Tokyo 2020 would bring huge economic benefits to the local, national and global economies. Significantly the economic impact would be felt not only in Tokyo, but all across Japan, including areas affected by last year’s natural disaster in northern Japan. We have a responsibility to unite and inspire Japan’s entire population behind this national project and thereby widen the path to a better future”.
