Economics
Japan Could Face Year-Long Slump If ‘Cursed’ Olympics Canceled
- Scrapped Games or postponement would mean much weaker economy
- Some analysts see longest contraction since financial crisis
A pedestrian wearing a protective mask walks past a banner featuring the emblem for the Tokyo 2020 Olympic Games in Tokyo, Japan, on March 11.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
A canceled or postponed Olympics would likely result in Japan’s economy shrinking for the longest stretch since the global financial crisis, according to some economists.
Ahead of the arrival of the still-flickering Olympic flame in Japan on Friday, economists contacted by Bloomberg said a scrapped or delayed Games would probably mean the economy getting smaller for a fourth-straight quarter.