Snapshots

The postponement plus the spread of COVID-19 in key markets overseas increases the likelihood of higher government spending, as well as of a consumption tax suspension or cut.

In Japan, Delaying the Olympics Will Deepen Virus Economic Woes

The delay plus the spread of COVID-19 in key markets overseas increases the likelihood of higher government spending and of a consumption tax suspension or cut.

Highlights

Japan

Economics

Environment, Science & Technology

After much deliberation, Prime Minister Shinzo Abe on March 24 announced the delay of the 2020 Tokyo Summer Olympic Games in light of the open-ended COVID-19 pandemic. The games are still set to be held no later than summer 2021. Japan's decision to postpone the Tokyo Summer Olympics will further damage an economy already reeling from COVID-19, increasing the likelihood of massive stimulus spending and consumption tax relief.

SNAPSHOTS

In Japan, Delaying the Olympics Will Deepen Virus Economic Woes

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