The Games were postponed last week due to the
deepening coronavirus outbreak.
The delay is the first in the 124-year history of the modern
Olympics and represents a huge blow for Japan, which invested
$13 billion in the run-up to the event, and raised $3 billion
from domestic sponsors.
Earlier on Monday, the Games' chief executive, Toshiro Muto,
said the committee was moving "in the direction" of honoring
tickets bought for the 2020 Games at the rescheduled event, or
providing refunds in case of scheduling changes,
"We want to honor the hopes of all those who purchased the
tickets amid high demand," Muto told a news conference.
But it was too early to say what the additional costs of the
delay would be, Muto said.
The IOC and Japanese government succumbed to intense pressure
from athletes and sporting bodies around the world last Tuesday
by agreeing to push back the Games because of the coronavirus
epidemic.
(Reporting by Antoni Slodkowski; Editing by Himani Sarkar,
Clarence Fernandez and Angus MacSwan)
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