Before this, a large part of other countries hosting the Olympics can drive up a big economic effect as well as increase international fame. But since the Tokyo Olympics were held during an epidemic, the economic effect it brought must have been greatly diminished.
The economic effects of the Olympics can usually be divided into three parts: ticket revenues, broadcasting revenues, and tourism revenues from the economic effects of the Olympics. Ticket Revenue The Olympics is expected to reach 90 billion yen (about 5.3 billion yuan) in on-site ticket revenue. However, since 97% of the games were held empty, the ticket revenue is certainly not much. Broadcast revenue? The broadcast revenue for the Tokyo Olympics is expected to be higher than previous years as people are traveling less due to the epidemic.? Olympic Economic Effects Tourism Revenue Because Tokyo is in a state of emergency against epidemics, the flow of people is greatly reduced, and global travel is reduced, so tourism revenue will lose money and almost cancel out with broadcasting revenue.
Adding to this is the fact that, according to popular opinion, the Tokyo Olympics are losing money because of the almost "astronomical" salaries per person for construction and the inability to boost the economy in any other way because of the epidemic.
Since hosting the Olympics was a loss, why did Japan force it to host?
When Japan's bid for the Olympics was successful, Shinzo Abe said he wanted to revitalize the Japanese economy. Japan has been in the doldrums for 20 years, experienced the tsunami and nuclear radiation, the Tokyo Olympics is a rare opportunity for Japan to revitalize. But no one expected that the new coronavirus would rage around the world during this period, causing the Tokyo Olympics to be the most expensive in history. As a result of the impact of the epidemic, revenues have been greatly reduced, and the unknown risks, also increased in vain.
More than half of Japan's citizens boycotted the Tokyo Olympics as early as three months ago. But that boycott was limited to the private sector, because Japan lost the right to choose when it took the hosting rights. If the hosting right is to be withdrawn, it must be approved by the IOC. The IOC has the right under the legal provisions of the Olympic Charter to refuse Japan's suspension of the Games.
The charter makes it clear that the Olympics could be suspended in the event of war or unrest. Historically, there have also been three Olympic events that have been suspended due to world wars.
The Berlin Olympics, in 1916, were canceled due to World War I.
In 1940, the Tokyo Olympics, which were canceled due to Japan's war of aggression against China.
1944, London Olympics, canceled due to World War II.
Despite the fact that in 2020, there is a global outbreak of an epidemic that is rare in human history, the Olympic Committee does not see it as a huge threat. They believe that a safe competitive environment is a responsibility Japan must assume as a host nation.
If Japan unilaterally canceled the Tokyo Olympics, not only would it have to bear all the losses, but it would also be subject to additional fines from the Olympic Committee. Therefore Japan can only gnaw on this piece of hardcore, if it does not host, then it may lose more than the loss of hosting the Olympic Games.