Conflict Between Japan and international Olympic committee over who pays for postponement

An Open  Conflict broke out between the Tokyo Olympics organizers and IOC over who will pay for the year long postponement. Media reports in japan have estimated that the postponement of Olympics will cost Japan 2 billion dollars to 6 billion dollars. Although neither side has given a official number the cost is going to be massive.

Context -

Tokyo Committee's spokesperson said that organizing committee has asked the IOC to remove a comment stating that Prime Minister of Japan will shoulder most of the postponement costs. He said it's not appropriate for Prime Minister's name to be quoted in this manner. Abe's Spokesperson said that there is no such agreement related to additional cost originated  from the postponement.


Conclusion -

 Despite the conflict there is not much to debate about who will pay , It has to be the Japanese side,Also they have stronger resources and a strong 5 trillion dollar GDP but its a sensitive matter particularly for the Abe Government during an economic downtown due to the ongoing Pandemic.
Japan is officially spending 12.6 billion dollars to organize the Olympics, but Government Audit report says it's at least twice that much.And the worst part is it's all Japanese public money except for 5.6 billion dollars which came from a privately funded organizing committee budget.


Lastly under the terms of host city Contract the Japanese committee and local organizers are obligated to pay most of the costs of the Tokyo Games. But we have to accept the fact that it is really harsh on the Japanese Government who on one hand have to fight against this ongoing Covid- 19 Pandemic and on the other hand cover for the losses due to postponement of Olympic Games.  

                                                                                    Rugved Joshi