The organizing committee of the 2020 Tokyo Olympic and Paralympic Games plans to cap ticket prices at ¥300,000 ($2,720) while setting a minimum ticket price of ¥2,000 ($18), sources familiar with the matter said late Monday evening.
According to the sources, the highest-priced tickets are for the Olympic Games opening ceremony. The most expensive ticket for a sporting event is expected to be ¥130,000 ($1,180) for athletics.
The prices will be officially released after approval by the International Olympic Committee Executive Board in July.
According to the initial plan, the cap was expected to be ¥288,000 with a minimum price of ¥2,600, in line with prices at the 2012 London Olympics.
Tickets are scheduled to go on sale in the spring of 2019.