May 25, 2021
For any country, hosting the Olympics is a major deal, both politically and economically. Yet, in a world ravaged by the COVID-19 pandemic, going ahead with the Tokyo Games is starting to look like a dangerous gamble on both counts.
Ominously, a growing number of investors in Japanese stocks now believe that canceling the games is better for the market, intensifying the pressure on Prime Minister Yoshihide Suga, who is already facing stiff public opposition to the global showcase event.
The potential political damage to Suga, and resulting uncertainty, from staging the games ahead of an election that must be held by October is making investors nervous, according to several fund managers and traders.
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Japanese stock investors talk up benefits of shelving Olympics For any country, hosting the Olympics is a major deal, both politically and economically. Yet, in a world ravaged by the COVID-19 pandemic, going ahead with the Tokyo Games is starting to look like a dangerous gamble on both counts.
FILE PHOTO: The logo of Tokyo 2020 Olympic Games that have been postponed to 2021 due to the coronavirus disease (COVID-19) outbreak, is seen through signboards, at Tokyo Metropolitan Government Office building in Tokyo, Japan January 22, 2021. REUTERS/Issei Kato
25 May 2021 03:20PM
COVID-19: Japanese investors talk up benefits of halting Olympics
Reuters, TOKYO
For any country, hosting the Olympics is a major deal politically and economically. Yet, in a world ravaged by the COVID-19 pandemic, going ahead with the Tokyo Games is starting to look like a dangerous gamble on both counts.
Ominously, a growing number of investors in Japanese stocks now believe that canceling the Games is better for the market, intensifying pressure on Japanese Prime Minister Yoshihide Suga, who is already facing stiff public opposition to the global showcase event.
The potential political damage to Suga and resulting uncertainty from staging the Games ahead of an election that must be held by October is making investors nervous, several fund managers and traders said.
Condo prices continue to rise in Tokyo, other urban areas
Azusa Nakanishi, The Japan News
Feb. 11, 2021
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Prices continue to soar for condominiums in urban areas, with new condos in the Tokyo metropolitan area marking their highest price level in 2020 since the bubble economy period. Although the concentration of people in Tokyo has eased due to the spread of telecommuting, the demand for new condominiums has remained high because the number of units on the market has decreased and the number of high- and dual-income households has increased.
Families and couples were seen at a condo sales event organized by the real estate agency Open House Co. in Tokyo s Iidabashi district at the end of January.