As is well known, the new coronavirus COVID-19 is spread all over the world.
Derived from Wuhan in China, COVID-19 has been reported in 96 countries until now, according to a Japanese media (Mar 8th, 2020, the article in Japanese: https://www3.nhk.or.jp/news/html/20200308/k10012319591000.html)
In this blog, I talked about the circumstance under the outbreak of COVID-19 in Japan.
What is more, Japanese citizens are suffering from the toilet paper crisis, as I mentioned before.
Under such a harsh environment, Tokyo 2020 Olympic is about to be held from at the end of July.
Is this possible?
Xi Jingping puts off his visit to Japan
As reported, China’s Xi Jinping declared that he puts off his visit to Japan. (https://www.japantimes.co.jp/news/2020/03/05/national/chinas-xi-jinping-postpones-japan-visit-covid-19/#.XmSky5P7TRY)
It was planned that he would visit Japan in April, however, postponed due to the COVID-19.
This decision is significant because Xi Jinping is said to be the most influential person on earth. (https://forbesjapan.com/articles/detail/20974)
If Tokyo Olympic were held, several Chinese visitors would come to Japan since China is one of the adjacent countries to Japan.
China’s top person decided not to visit Japan, which implies that many Chinese may also cancel the trip to Japan.
This would hugely affect Tokyo Olympic because the Japanese companies would not be able to earn money.
If Tokyo 2020 Olympic were canceled, the loss would be 74.6 billion
According to the estimation conducted by SMBC, if Tokyo 2020 Olympic were canceled, the loss would be about 74.6 billion. (https://news.tv-asahi.co.jp/news_economy/articles/000178305.html)
(I supposed 1 dollar = 105 yen)
The Japanese total general account in 2020 is about 974 billion, as announced by the Japanese government. (https://www.jiji.com/jc/graphics?p=ve_pol_yosanzaisei20191220j-02-w470)
Therefore, the loss would be 8% of the total general account; this cannot be ignored.
Considering the considerable loss, Tokyo 2020 Olympic may forcibly be held.
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