Saturday, February 4, 2023

Audit: Tokyo Games cost 20% more than declared

TOKYO ( Associated Press) — The cost of the Tokyo 2020 Olympic Games, delayed by a year by the coronavirus pandemic, is 20% higher than the organizers spent a year ago, according to a report by the Tokyo Board of Audit of Japan.

The report, released this week, indicated that both the government and the organizing committee failed to comply with data disclosure and transparency standards.

The audit established the cost of the Games to be 1.7 trillion yen ($12.9 billion). Organizers reported last year that the amount was 1.42 billion (10.7 billion based on the current exchange rate).

“The government, if it is substantially involved, should have disclosed information in a timely manner or presented an estimate,” the audit report said. “A comprehensive information system should be established to help the population have knowledge about the assembly and realization of the event.”

Last year, organizers used a rate of 109 yen to the dollar to set the official cost.

Organizers did not disclose the exchange rate for payments denominated in dollars.

The audit’s release comes the same week that Sapporo city officials and the Japan Olympic Committee announced a “pause” in their campaign to host the 2030 Winter Olympics.

Sapporo Mayor Katsuhiro Akimoto said the bid would be temporarily put on hold because of damage caused by the corruption scandal over its sponsorship of the Tokyo Games.

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Associated Press writer Mari Yamaguchi contributed to this report.

Nation World News Desk
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