Organisers of last year’s COVID-delayed Tokyo Olympics were expected to place the final cost of the Games at ¥1.42 trillion, about twice what was forecast when the IOC awarded them in 2013.
Tokyo Olympic officials, meeting Tuesday before the body dissolves at the end of the month, were to detail final numbers, which were increased by the pandemic, but were in record range long before that.
Calculating the costs is challenging because of recent fluctuations in the exchange rate between the dollar and the Japanese yen. When the Olympics opened a year ago, $1 bought ¥110. On Monday, $1 bought ¥135, the dollar’s highest level against the yen in about 25 years.
