The official cost estimate for hosting the Tokyo Olympic and Paralympic Games, which were postponed for a year due to the COVID-19 pandemic, has been raised by 294 billion yen ($2.67 billion) to around 1.644 trillion yen.
Meaning the event will be much costlier than the 2016 Rio de Janeiro Olympics and likely on par with the 2012 London Olympics, which were the most expensive summer Olympiad in history. – NIKKEI ASIA
