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In Japan, Delaying the Olympics Will Deepen Virus Economic Woes

Mar 24, 2020 | 19:59 GMT

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....

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