Financial Ramifications Of Coronavirus Canceling Tokyo Olympics Would Be ‘Massive’ [Forbes]
Toyota Motor Corporation (TM)
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Source: Forbes
A countdown clock for the Tokyo 2020 Olympic is displayed outside Tokyo Railway station on... [+]April 20, 2020. - A Japanese expert who has criticised the country's response to the coronavirus warned on April 20 that he is "pessimistic" that the postponed Olympics can be held even in 2021. (Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty Images)As recently as mid-March, the International Olympic Committee (IOC) and Japanese organizers were still reticent to postpone the 2020 for the continued spread of the novel coronavirus, let alone cancel Tokyo altogether. Finally, as national Olympic committees began announcing they would pull their athletes from a staged in 2020, on March 24 organizers agreed to postpone the until 2021.But without an aggressive timeline for releasing a COVID-19 vaccine, suggestsit’s possible the next Olympics staged aren’t in Tokyo at all, but in Beijing for the 2022 Winter .“Unless an effective vaccine is developed, I expect hosting the Olym
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