Japan told IOC it would pay for cost of postponing Olympics: Kyodo citing IOC

FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Japan
FILE PHOTO: A general view of Olympic rings following an outbreak of the coronavirus disease (COVID-19), in front of the Japan Olympics Museum in Tokyo, Japan March 24, 2020. REUTERS/Issei Kato

April 21, 2020

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe has agreed that his country would shoulder the cost of postponing the Olympics – estimated at around $3 billion – in line with the existing contract, Kyodo news agency said, citing the International Olympic Committee.

Kyodo said the IOC, headquartered in Switzerland, made the disclosure on Monday.

(Reporting by Chang-Ran Kim; Editing by Chris Gallagher)

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