• IOC, Tokyo target soaring 2020 Games costs


    TOKYO: The International Olympic Committee chief and Tokyo’s governor on Tuesday agreed to work together on cutting skyrocketing costs for the 2020 Games, as reports said the IOC would consider moving some venues to South Korea. Thomas Bach and Yuriko Koike met for the first time since Tokyo’s top official warned recently that Japan’s capital could be forced to downsize or relocate three venues for the 2020 games in drastic cost-slashing measures. The pair agreed to set up a working group — comprising Tokyo’s metropolitan government, the IOC, the 2020 organising committee, and central government — to help rein in snowballing costs.



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