2020 Tokyo Olympics look increasingly likely to be held in 2021

Tokyo Olympics appear to be headed toward postponement
(Image credit: Charly Triballeau/AFP/Getty Images)

On Sunday, the International Olympic Committee (IOC) raised the possibility that the 2020 Summer Olympics could be postponed for a year due to the COVID-19 coronavirus pandemic, saying a final decision will be made within four weeks. Soon after, Canada's Olympic Committee and Paralympic Committee said they will not send teams to Tokyo this year because "nothing is more important than the health and safety of our athletes and the world community," and Australia then announced it is advising its athletes to skip the Summer Games.

Japanese Prime Minister Shinzo Abe appeared to accept the inevitable, telling Japanese lawmakers Monday that "if it is difficult to hold (the Games) in a complete way, a decision of postponement would be unavoidable." He had previously ruled out postponing the Olympics. "Japan is officially spending $12.6 billion to organize the Olympics, but a national audit put the figure at more than twice that much," The Associated Press reports. "The bill is sure to increase with any postponement, and the vast majority of the spending if from the public treasury. The IOC has a reserve fund of about $2 billion to tide itself over, and also has insurance against postponement or cancellation."

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.