Economy

Reuters exclusively reports Japan's economic policymakers now factoring in Olympics cancellation

Reuters exclusively reports Japan's economic policymakers now factoring in Olympics cancellation

Reuters exclusively reported that the Japanese government and central bank officials are more seriously weighing the risk of the Tokyo Olympic Games being cancelled when making projections for this year’s economic outlook. Prime Minister Shinzo Abe’s government has repeatedly stressed that the Tokyo Olympic Games will go ahead as planned. However, there are growing doubts as the coronavirus outbreak worsens around the globe. Policymakers fear an Olympic cancellation will upend even their most pessimistic scenario on the prospects of an economic recovery from the pandemic.