Tokyo Olympics faces coronavirus threat, may result in huge economic loss

Concerns are swirling that Japan’s dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. International Olympic Committee (IOC) President Thomas Bach said in late January 2020 that the IOC was “fully committed” to holding the July 24-Aug. 9 Games on schedule, and a senior Japanese official told Reuters there was no “Plan B”.