2020 Olympics a boon to Japan economy

TOKYO: The 2020 Olympics could seal the revival of Japan’s long-stagnant economy, analysts say, an echo of the 1964 Tokyo Games that showcased a nation risen from the ashes of defeat.

Staging the world’s biggest sporting jamboree “is clearly a plus to [economic] growth” Prime Minister Shinzo Abe told journalists in Buenos Aires, hours after the Japanese capital was named as host.