5 reasons why Japan and IOC insist on holding the Tokyo Olympics

5 reasons why Japan and IOC insist on holding the Tokyo Olympics

The submit 5 reasons why Japan and IOC insist on holding the Tokyo Olympics appeared first on TD (Journey Each day Media) Travel Daily.

Japan is struggling one other spike of COVID-19 infections that even the island paradise of Okinawa is beneath a state of emergency. The fourth wave, as soon as once more, raised issues on the upcoming Tokyo Olympics.

Based on Channel News Asia, the most recent polls revealed that 60% and 80% need the video games both cancelled or postponed, respectively. We’ve been right here earlier than and I recognised that tree, a 12 months after its postponement, official preserve going backwards and forwards on whether or not the Olympics might be held.

With lower than two months on the clock, the most recent assertion from the Worldwide Olympic Committee (IOC) stated that the Olympics will push by even whereas Tokyo is beneath a state of emergency which caught the ire of some Japanese. Nonetheless, cancelling the Tokyo Olympics is greater than security issues; it includes politics and TONS of cash!

It’s in IOC’s arms

Legally, it isn’t as much as Japan and the Tokyo authorities to cancel the Olympics. IOC owns the video games and Japan is the host. IOC can solely finish the contract. However IOC president Thomas Bach stated that the video games will go forward whatever the fourth wave.

Whereas Japan may break the contract and cancel the video games, it’s hesitant to take action due to the price since the whole lot is ready for the video games and athletes, organisers, and suppliers are simply ready for the go sign.

An excessive amount of cash has been invested

In 2019, all preparations have been set and Japan has been actively selling the Olympics. Everybody is happy and is hoping for a return on their funding. Sadly, the COVID pandemic occurred in 2020 months earlier than the video games.

Based on an estimate performed by professor emeritus Katsuhiro Miyamoto of Kansai College and reported by the NHK, the price of delaying the 2020 Olympics by one 12 months might be JPY640.8 billion (USD5.8 billion), taking upkeep expenditures for the unused amenities under consideration. An entire cancellation would price Japan JPY4.52 trillion (USD41.5 billion), primarily based on working bills and lack of tourism exercise.

Additional delaying the Olympics incur hundreds of thousands of loss. Japanese company sponsors have fuelled one other USD200 million on high of the report USD3.3 billion already dedicated, whereas there’s a plan for sharing the practically USD300 million in further prices incurred on account of postponement between Tokyo, the central authorities and native Olympic organisers. Formally the tab for the Video games involves about USD13 billion, however a authorities audit printed final 12 months pegs the true tally at USD28 billion.

The IOC additionally has issues at stake. It’s eager to press forward with the sporting occasion as a result of most of its income (about 90%) comes from promoting broadcasting rights and sponsorships.

Status and politics

That is an election 12 months for Japan and is essential for present Prime Minister Yoshihide Suga and the ruling celebration ruling Liberal Democratic Celebration (LDP) who has been receiving low approval rankings not too long ago. The LDP has been in energy for 61 of the final 65 years. Nonetheless, this will likely change if they don’t deal with the present well being disaster.

Sporting occasions just like the Olympics are often called cash pits, however from the leaders’ perspective, internet hosting these international occasions is extra about worldwide status than revenue. The 1964 Olympics in Japan marked the tip of the nation’s post-war picture and obtained worldwide recognition as soon as once more.

The latest 2018 Pyeongchang Winter Olympics in South Korea confirmed as a glimpse of the reunification of the North and South marching beneath one flag after it was not used since 2009.

The 2008 Beijing Olympics noticed China’s nice energy standing. It’s upcoming internet hosting of the 2022 Winter Olympics may additional elevate its standing being the one metropolis to have hosted each winter and summer season video games. For leaders, the Olympics appear to be a harbinger of excellent fortune and a legacy they might not miss.

One for the books

After being restricted and locked down for greater than a 12 months, don’t you wish to take pleasure in your self in a post-covid-19 coming-out celebration? Shaking off the lockdown blues and celebrating the Olympic values is the easiest way to herald a brand new period, if attainable. There isn’t a doubt that this Olympics is one for the books proper after the worldwide pandemic. It might be an amazing PR for Japan and the present management if will probably be in a position to maintain the video games safely and not using a main outbreak of an infection. The rivals might be vaccinated and there might be adjustments within the working procedures.

It is usually a possibility to restart the severely affected tourism trade. It’s nonetheless unclear whether or not spectators might be allowed within the video games and the organisers will probably determine on the final minute. Newest reports claimed that they’re leaning in direction of permitting followers to look at the occasion.

Satisfaction and honour

Lastly, we have now to think about the Japanese tradition of protecting one’s phrase. Fulfilling one’s obligation is an enormous deal in Japanese tradition and other people usually go at nice lengths simply to see it by. In Japanese tradition, public failure and the disapproval of others are seen as specific sources of disgrace and diminished social standing. Due to this fact, the Japanese authorities needs to keep away from dropping face despite the fact that the general public is overwhelmingly unenthusiastic in direction of the Olympics. On this case, it appears that evidently the organisers are exhausting all attainable choices earlier than they throw within the towel.

The submit 5 reasons why Japan and IOC insist on holding the Tokyo Olympics appeared first on Travel Daily.

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