Financial benefits of Tokyo Games are overestimated, lack credibility: Japan economist
February 28, 2021 (Mainichi Japan)
Economist Yoshihiko Senoo is seen in Tokyo s Shibuya Ward on Feb. 4, 2021. (Mainichi/Keigo Kawasaki) TOKYO Various estimates regarding the economic effects of this summer s Tokyo Olympics and Paralympics have been disclosed by experts, private think tanks, and other parties. The common perception is that there will be more benefit in holding the games than canceling them, though estimates range widely from 3 trillion to as much as 100 trillion yen (about $28.5 billion to $949 billion). The Mainichi Shimbun sat down with Yoshihiko Senoo, an economist and research adviser for the Land Institute of Japan and former member of the now-defunct Economic Planning Agency, to talk about the reliability of such economic estimates for the Tokyo Games.
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