It had 2020 Japan year. A delay of the Olympic Games is the latest good punch

It had 2020 Japan year. A delay of the Olympic Games is the latest good punch

Michio Yunoki the hotel was suffering even before Prime Minister Shinzo Abe announced the Tokyo Olympics of 2020 would be a year he moved. Almost 90% of the guests, the rooms were booked in March had canceled because of travel restrictions for Corona and the displacement of the games, expects most of its bookings this summer to lose as well. “And ‘I close a huge impact on our business and for others it was even worse hotelier had to know, he could not survive the current situation,” said Yunoki who runs the small Japan Guesthouse in Asakusabashi, a tourist area in Tokyo. The Abe’s announcement on Tuesday that Tokyo Olympic Games, which were planned for July would be delayed, along with the growing crown pandemic by 2021, is one to be a great year-two in Japan that had, Country . The delay was hardly a surprise in Japan, but came after weeks of mounting criticism from athletes and national Olympic organizations worldwide, including some who have said they would refuse teams in the Tokyo games to send if they continue as planned, on Tuesday he criticized an editorial in the Asahi Shimbun, one of the largest newspapers in Japan, both Abe and the International Olympic Committee so long to make a decision to come. Asides, said he and “the international distrust, attracted the [CIO]” The leadership of Japan had “bumbled the situation.” After Abe’s announcement, Tokyo Gov. Yuriko Koike later admitted that she still calls “Olympics” in 2020 break caused Twitter, a user proposed 2020 s’aggiunta, to make the name used for 10 years. a photo of the 2020 logo with the past by a red stamp-the way it would be covered 0 corrects an error on Japanese documents another commonality and a nod to the meticulousness of the country on documents. But keep the 2,020 branding, clunky, as it seems, the government helps to keep their promise of small businesses since late support affected: the vendors who had gathered at 2020 merchandise up, has been selling it in question it would have been if the games for 2021 moved . in recent weeks, a flood of Tokyo 2020 souvenirs online retail sites Japanese invaded. Many experts do not expect the delay also Cheap long-term effects have, but feel the pain that industries for closely linked games now was an omen of his own, which is the third largest economy to qualify for the world as the crown crisis continues around the world to unfold. A report in March from a security company found that a one-year delay would not hurt the Japanese economy. “The cost, the games where they stay the same, and the audience will most likely return to the worst of the virus has passed,” said Yuhei Takano, an economist at SMBC Nikko Securities Inc., co-author of the report. But if the delay followed by a financial crisis Corona-related, as widely expected, Japan is likely to be hit hard. “It ‘as the global financial crisis would be from 2008 and could Japanese GDP by 2 to 3 percent decline,” said Nomura Research Institute economist Takahide Kiuchi. Kiuchi points for the Chinese economy, already slowing before he was paralyzed from COVID-19 outbreak that arises in Wuhan. He said that China, the main trading partner of Japan is not able to recover the impact of the pandemic at least one year. Couple that with a sharp drop in tourism and a decline in exports to the United States, and is a mix that will be difficult to overcome in Japan, he says. “Compared to all that is the shift of the games are not a huge factor.” The country is particularly vulnerable because its economy is already fragile, with the public debt. Abe had juice of it, increasing foreign tourists hoping and set the goal of attracting 40 million visitors in Japan in 2020, crowned by the Olympic Games. hotel construction exploded and helped the government to achieve the industrial foreign tourists. For example, the Tokyo Metropolitan Government was working with Go Yuasa, the director of operations for Nohga Hotel Tokyo, now in accommodation to international visitors for the games to book every single room. Now, with the delay it will be canceled and Yuasa strip to rebook the rooms throughout the reservation. The government has indicated it wants to help vulnerable industries like hotels and plans of small businesses receive no media interest loans so that they stay afloat until next year. But this may not be enough. “For small structures, is a matter of life or death,” says Setsuko Sato, a representative of the Japanese Ryokan and Hotel Association. He says the decline crown crushed related to Japanese tourism hotel. He is afraid to tackle the sovereign debt of the Olympic delay will not solve the problem. “Although the Olympic Games next year are held, is anything that can not be safely recovered as a loss that year or that they will be able to then, to survive.” Yunoki, the small Japan Guest House is run, is to take matters into their own hands. It has helped to encourage a people campaign to buy vouchers that can be redeemed for hotel stays in autumn, when it is expected to facilitate the crown pandemic. the money to have it right away and other small hotel owners would help bridge the gap. But even when it was surrounded by a significant economic slowdown, Japan-now better COVID-19 outbreak of many other great nations. It has a relatively low number of infections (about 1,200, compared to tens of thousands in the United States, China and Western) Europe, although some critical tests as a possible explanation for the bottom access point. The government, in early March and warned begin near schools before large gatherings, even though most of the shops are open. And on Monday, when Abe first broached the subject at the Olympics late, the country was celebrating its annual cherry blossom festival, when residents of Tokyo pack the time of year in the picnic park under fluttering flowers. The government has given mild warnings and advised people to practice “social distance”, but many parks were, as always, almost as crowded. Koike, the governor of Tokyo on March 12, defended the decision to allow the festivities to continue to say that “is in the [cherry blossom festival] by the Japanese as take hugs from Italian,” a widely criticized as insensitive statement when ‘Italy was suspended at national level locking with infection rates and deaths. But on Tuesday, when it is always the Olympics was clearly would not happen this year and new cases have emerged crown in Japan Koike adjusted their tone and said one of the entire city of Tokyo Block was still a possibility. “We have no choice but to stop but strict isolation measures to impose further spread.” “Tokyo Lockdown” quickly shot to the top trending topics on Twitter Japanese, well, slightly outperformed over the “2020 Olympics” and shows how overshadowed much of the long shadows of Corona, which was to be the moment of Japan under the sun.