Olympics-Domestic sponsors agree to extend contracts for delayed Tokyo games

iStock

Tokyo 2020 organisers said on Thursday that all 68 domestic sponsors for the Summer Olympics have agreed in principle to extend their contracts for the delayed games, as growing coronavirus infections in Japan overshadow the event.

The Tokyo Olympics had originally been scheduled for 2020 but were postponed by a year because of the pandemic.

"Partner companies told me about the difficult situation they are in because of the pandemic," Tokyo 2020 President Yoshiro Mori told a news conference.

"But they also told me they definitely want the games to be held, and that they are willing to offer as much support as they can."

Tokyo 2020 organisers expect more than 22 billion yen ($212 million) in additional contributions from them, Mori said.

The domestic sponsors include companies hit hard by a steep fall in travel demand amid the pandemic, such as Japan Airlines Co Ltd, All Nippon Airways Co Ltd and travel agency JTB Corp., which plans to cut its workforce by 6,500.

"There must have been various debates within each company ... I believe they have decided to continue cooperating with us upon realising the historical significance of what may be a once-in-a-hundred-year event."

Besides tourism and transportation companies, the list of sponsors also includes Canon Inc, Nippon Telegraph and Telephone Corp and other Japanese household names.

Recent Japanese newspaper polls show two-thirds of the public believe the game should be postponed again or cancelled altogether.

But Prime Minister Yoshihide Suga has repeatedly said he is determined to hold the Olympics as proof that humanity has defeated the virus.

On Monday, national associations of medical professionals declared a state of medical emergency as the country's medical system creaks under the strain of the pandemic.

More from Sports

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!