Olympics: Tokyo organizers announce 1.64 tril. yen budget

Olympics: Tokyo organizers announce 1.64 tril. yen budget

Toshiro Muto, CEO of the Tokyo Olympic and Paralympic organizing committee, speaks at a press conference in Tokyo on Dec. 22, 2020. The organizing committee released its fifth budget plan the same day, with the total cost of the games increasing to 1.64 trillion yen ($15.8 billion) due to the one-year postponement over the coronavirus pandemic. (Pool photo)

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