If Tokyo wins its bid to be chosen as host city for the 2020 Summer Olympics, as the bookmakers are predicting, spending on the games could help to spur Japan’s economic recovery.
The International Olympic Committee will name the winner on September 7, with Istanbul and Madrid as the other main candidates. A win for Tokyo would obviously lead to additional infrastructure spending, and could also give an earnings boost to companies involved in media, consumption and security.
But the Olympic spirit could also have broader economic benefits, according to Nomura. “A 2020 Tokyo Olympics, together with the Abe administration’s economic strategies Abenomics and the long-term...
¬ Haymarket Media Limited. All rights reserved.
