Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!
you are here: HomeNewsTrendsSports

Coronavirus impact: Tokyo Olympics rescheduled for July 23 - August 8 in 2021

This year's games were scheduled to open on July 24 and close on August 9, but the near exact one-year delay will see the rescheduled closing ceremony on August 8.

March 30, 2020 / 05:50 PM IST

The Tokyo Olympics will open next year in the same time slot scheduled for this year's games. Tokyo organizers said on March 30 the opening ceremony will take place on July 23, 2021 — almost exactly one year after the games were due to start this year.

Last week, the IOC and Japanese organizers postponed the Olympics until 2021 because of the coronavirus pandemic.

This year's games were scheduled to open on July 24 and close on August 9, but the near exact one-year delay will see the rescheduled closing ceremony on August 8.

There had been talk of switching the Olympics to spring, a move that would coincide with the blooming of Japan's famous cherry blossoms. But it would also clash with European soccer and North American sports leagues.

After holding out for weeks, local organizers and the IOC last week postponed the Tokyo Games under pressure from athletes, national Olympic bodies and sports federations. It's the first postponement in Olympic history, though there were several cancellations during wartime.

Close

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

Both Tokyo organizing committee president Yoshiro Mori and CEO Toshiro Muto have said the cost of rescheduling will be “massive” — local reports estimate billions of dollars — with most of the expenses borne by Japanese taxpayers.

Muto promised transparency in calculating the costs, and testing times deciding how they are divided up.

“Since it (the Olympics) were scheduled for this summer, all the venues had given up hosting any other events during this time, so how do we approach that?” Muto asked.

"In addition, there will need to be guarantees when we book the new dates, and there is a possibility this will incur rent payments. So there will be costs incurred and we will need to consider them one by one. I think that will be the tougher process.” Katsuhiro Miyamoto, an emeritus professor of sports economics at Kansai University, puts the costs as high as $4 billion. That would cover the price of maintaining stadiums, refitting them, paying rentals, penalties and other expenses.

Japan is officially spending $12.6 billion to organize the Olympics. However, an audit bureau of the Japanese government says the costs are twice that much. All of the spending is public money except $5.6 billion from a privately funded operating budget.

The Switzerland-based International Olympic Committee is contributing $1.3 billion, according to organizing committee documents. The IOC's contribution goes into the operating budget.

Bach has repeatedly called the Tokyo Olympics the best prepared in history. However, Deputy Prime Minister Taro Aso also termed them “cursed.” Aso competed in shooting in the 1976 Olympics, and was born in 1940.

The Olympics planned for 1940 in Tokyo were canceled because of World War II.

The run-up to the Olympics also saw IOC member Tsunekazu Takeda, who also headed the Japanese Olympic Committee, forced to resign last year amid a bribery scandal.
PTI
first published: Mar 30, 2020 05:42 pm

stay updated

Get Daily News on your Browser
Sections