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Tokyo Olympics to Boost Japan by as Much as 30 Trillion Yen

Artist rendering of the Tokyo Olympic Stadium.

Artist rendering of the Tokyo Olympic Stadium.

Source: Technical Proposal/Japan Sport Council
Updated on

The 2020 Tokyo Summer Olympics will boost the Japanese economy as much as 30 trillion yen ($249 billion) by 2020, according to a report by the Bank of Japan released on Monday.

Construction investment triggered by the Games and increasing numbers of foreign tourists will help expand gross domestic product by 0.2-0.3 percentage point on an annual average basis from 2014 to 2020, the bank said.