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Tokyo Olympics 2020

In: Social Issues

Submitted By arsenxzis
Words 1012
Pages 5
Discursive essay
Was it the right decision to hold the Olympic Games 2020 in Tokyo?
It was a real triumph for the whole Japan, as the Japanese capital, Tokyo, was picked by members of the International Olympic Committee (IOC) to host the Olympic Games in 2020, beating out rival cities. Millions of Japanese are happy with this decision and they are sure the world biggest sport event will give them a new hope, which will lead the country to a new level. On the other side, there are a lot of people disappointed by this choice, because of a high probability of danger both for the participants of the Olympiad and for the fans, as environmental disaster occurred on the island state. Although the ecological situation and safety problem are to be solved yet, the choice to carry out Olympics in Japan’s capital is good in all aspects.
The main reason to host the Olympics in Tokyo is that Japan is reliable in economic and financial terms. Firstly, it’s the world's second largest developed economy and is often ranked among the world's most innovative countries according to the International Monetary Fund, and has already banked a $4.5bn reserve fund for 2020. Secondly, Tokyo’s government projects that the Games will generate $30 billion in economic benefits for Japan—and that, it is said, is a conservative estimate since it calculates only direct spending on the Olympics. One of the ideas is to boost domestic consumption, helping wrest the country from a couple decades of debilitating deflation and create more than 150,000 jobs, as SMBC Nikko Securities claims. Thirdly, with an estimated $10 billion bill, the Tokyo cost would be below the amount spent by London for the 2012 games and Beijing for the 2008 Olympiad, shows the Bureau of Economic Analysis. So, the Committee evidently thought it better to go with Japan’s fiscal stability instead of exotic but risky Istanbul or…...

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