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Tokyo Olympics total cost ‘less than expected’ as labour costs cut

The Closing Ceremony of the Tokyo 2020 Olympic Games (by Leon Neal/Getty Images)

The total cost of the postponed 2020 summer Olympic and Paralympic Games in Tokyo could be lower than ¥1.5tn (€11.7bn/$13.3bn) as the absence of spectators helped to cut costs, according to a new report.

Japanese news agency Kyodo, citing officials with knowledge of the matter, said the total cost of the Games is set to be at least ¥150bn less than expected with no fans reducing labour costs and other outlays, and despite removing the estimated ¥90bn income stream that would have resulted through ticket sales.

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