The ”cascade of calamities” continues for the cursed 2020 Tokyo Olympics, with even a key sponsor calling for the games to be scrapped as the country battles a fourth wave of the COVID-19 pandemic.
A growing number of investors in Japanese stocks now believe that cancellation would be better for the market, Reuters reports, figuring that the cost of abandoning the games — ¥1.81 trillion ($17 billion) by one estimate — would be dwarfed by the price of inviting yet another wave of infections.
As SoftBank CEO Masayoshi Son put it, Japan “could lose a lot more,” including lives, if the games go on. For Prime Minister Yoshihide Suga, his political life is on the line, as both scenarios entail massive risks with polls looming, Eric Johnston reports.
Yet preparations are ramping up regardless, with the Japanese Olympic Committee on Wednesday saying it will begin vaccinating its athletes and officials next month, Kaz Nagatsuka reports. Travel agencies are also resuming sales of tour packages, including tickets and accommodation, for domestic fans.
And next week, the Australian softball team is set to arrive in Gunma for pre-Olympic training, Kyodo reports, which would make them the first large group of athletes from overseas to enter Japan for training since the games’ postponement last year.