• Kyodo

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Hosting the 2020 Summer Olympics in Tokyo is likely push up Japan’s gross domestic product by 0.5 percent in that year with positive economic effects worth ¥4.2 trillion, due partly to expected growing demand for new construction and a boost to tourism, according to a research institute’s projection.

The hosting of the Olympics in the Japanese capital is expected to produce ¥2.3 trillion in new demand including construction investment, replacement of home electronics appliances and sales of Olympics-licensed goods, SMBC Nikko Securities Inc. said in a recent report.

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