Coronavirus: Japan to lose $12.9billion in Olympic cancellation

first_img Promoted ContentThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreCouples Who Celebrated Their Union In A Unique, Unforgettable Way11 Most Immersive Game To Play On Your Table TopWhat Happens When You Eat Eggs Every Single Day?The Top 9 Oddest Underwater Discoveries No One Can Explain7 Ways To Understand Your Girlfriend BetterCan You Recognize These Cute Celeb Baby Faces?Which Country Is The Most Romantic In The World?5 Of The World’s Most Unique Theme Parks7 Universities In The World Where Education Costs Too MuchThe 10 Best Secondary Education Systems In The World8 Superfoods For Growing Hair Back And Stimulating Its Growth Hosts of the 2020 Olympics Japan are likely to lose about 1.35 trillion yen (about 12.9billion dollars) should the event be cancelled due to the ravaging effect of Coronavirus it has been revealed. At the end of 2019, organisers estimated the total cost of the Games at around 1.35 trillion yen. That is divided between the city of Tokyo, which is paying 597 billion yen, the Japanese organising committee, which contributes 603 billion yen and the central government, which is paying 150 billion yen. But the actual costs for the country have been hotly debated, with a widely publicised audit report estimating national government spending from the bid in 2013 until 2018 at 1.06 trillion yen, nearly 10 times the budget. Japanese businesses have also poured money into the event in sponsorships, paying out a record 348 billion yen. And that figure doesn’t include the partnerships signed between major companies and the International Olympic Committee for rights to sponsor several Games. Among those are giants including Japan’s Toyota, Bridgestone and Panasonic. According to analysts at Capital Economics, one key factor to consider in terms of how a cancellation might hit Japan’s economy is that most of the spending has already happened. Loading… center_img Economists at research firm Nomura already predict a 0.7-percent contraction in GDP for the 2020 calendar year, but warn that could be up to 1.5 percent if the Games are cancelled. Olympic Ministers Seiko Hashimoto postponement being considered as against cancellation Takashi Miwa, an economist at the firm, told AFP the main impact would be on domestic spending, because a cancellation of the Games “would badly affect Japanese consumer confidence”. So far 4.5 million tickets have been sold in Japan, with around 7.8 million expected to be sold overall, 20 to 30 percent of them internationally. Japan’s tourism ministry in 2018 projected around 600 000 foreign spectators would come for the Olympics. Organisers are tinkering with the idea of postponing the Games to later in the year as worst case scenario. Olympics minister Seiko Hashimoto has said Japan’s agreement with the International Olympic Committee to host the 2020 games could be deferred until the winter. Read AlsoCancelling Tokyo Olympics ‘inconceivable’: Japan minister “The contract calls for the games to be held within 2020. That could be interpreted as allowing a postponement,” the minister said in response to a question in parliament. FacebookTwitterWhatsAppEmail分享 last_img read more

Baseball commands home win over Long Beach

first_imgThings quieted down for both teams during the second and third frame. USC freshman pitcher Chandler Champlain tossed a scoreless second inning while junior pitcher Gus Culpo threw two strikeouts in the third, rounding out the top of the inning for the Trojans. Coming off the win, USC now sets its sights on a three-game series against Washington. The Huskies hold an overall record of 11-5 and 3-0 at home. A series sweep by USC would place the Trojans at 11-11 and .500 on the season. The Trojans defeated Long Beach State 5-2 at Dedeaux Field Tuesday night. The Trojans, who hold a 7-11 record, were looking to build off of a strong series at Cal over the weekend, while the Dirtbags, who are 3-15, hoped to recover after losing their last series to Minnesota. Heading into the series, USC head baseball coach Dan Hubbs is looking to improve on the team’s scoring efficiency. At the start of the fourth inning, the game was tied 1-1, and the Trojans started to heat up. With one out left, USC rallied with a single by redshirt junior pitcher CJ Stubbs and a double down the right field line by sophomore infielder Ben Ramirez. A single to center field by freshman catcher Tyler Lozano would cement the two out rally and push Stubbs and Ramirez home to give the Trojans a 3-1 lead as they entered the fifth inning. “That was a big confidence booster for us,” Lozano said. “With two outs, getting a big hit helps a team a lot going into the next inning.” Freshman pitcher Chandler Champlain throws on the mound against UCLA March 10 at Dodger Stadium. (Tucker Judkins/Daily Trojan) The USC bullpen continued its success in the eighth inning with Lambert retiring three Dirtbags. At the bottom of the frame, Lozano tallied his third hit of the night with a single to center field. Sabol followed up by lining up a sinker down the middle to score Lozano and make the game 5-2 Trojans.center_img USC picked up its momentum into the fifth inning. Freshman pitcher Calvin Schapira retired three Dirtbags to wrap up the first half of the 1-2-3 inning. In the bottom of the frame, an RBI single to left by Ramirez pushed sophomore infielder Jamal O’Guinn past home to extend the Trojan’s lead to 3. Down 4-1 entering the sixth inning, the Dirtbags looked to get things going offensively after four scoreless innings. LBSU responded with a two-out RBI double to center by sophomore first baseman Jacob Hughey to cut the Dirtbag deficit to 2. USC wouldn’t find a run during the second half of the frame. The bats got going early into the first inning when LBSU junior infielder Riki Desa put the Dirtbags on the board with a leadoff home run to left field. But the Trojans didn’t blink. Junior catcher Blake Sabol returned the favor in the bottom of the first with a leadoff triple to centerfield. Senior infielder Chase Bushor later brought Sabol home after hitting a grounder, tying the game 1-1. USC held onto its lead in the ninth, and the Trojans went on to win the ball game 5-2. “I think we left quite a few guys on base today,” Hubbs said. “I think that could have been an 8-9-10 run game and it wasn’t. I’m excited about the pitching. I thought we played good defense. Against Washington we’re going to have to punch some of those runs across when we have them there if we expect to beat them.” First pitch is at Husky Ballpark in Seattle on March 22 at 6:05 p.m.last_img read more