The Tokyo Olympics postponement could cost Japan anything between $2 billion and $6 billion. AFP
The Tokyo Olympics postponement could cost Japan anything between $2 billion and $6 billion. AFP
The Tokyo Olympics postponement could cost Japan anything between $2 billion and $6 billion. AFP
The Tokyo Olympics postponement could cost Japan anything between $2 billion and $6 billion. AFP

Japan scientist says Tokyo Olympics unlikely to be held in 2021


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A Japanese professor of infectious disease is “very pessimistic” the postponed Tokyo Olympics will take place in 2021.

“To be honest with you, I don’t think the Olympics is likely to be held next year,” Kentaro Iwata, a professor of infectious disease at Kobe University, was quoted as saying on Monday by the Associated Press.

“Holding the Olympics needs two conditions; one, controlling Covid-19 in Japan, and controlling Covid-19 everywhere.”

Toshiro Muto, the chief executive of the Tokyo Olympic organising committee, expressed similar reservations earlier this month. Since then, the organising committee and the International Olympic Committee have said there is no Plan B other than working towards the Olympics to open on July 23, 2021.

“I am very pessimistic about holding the Olympic Games next summer unless you hold the Olympic Games in a totally different structure such as no audience, or a very limited participation,” Iwata said, speaking at a forum arranged by the Foreign Correspondents’ Club of Japan in Tokyo.

“You have to invite so many athletes from many, many places, which is not very compatible with this Covid-19 infection. Japan might be able to control this disease by next summer. And I wish we could. But I don’t think that will happen everywhere on Earth.”

Japan was spared during the initial stage of the coronavirus outbreak. But cases are now spiking, particularly in Tokyo and other large cities, As of Monday, there were about 12,000 detected infections in Japan and 250 deaths.

Japan is officially spending $12.6 billion (Dh46.2bn) to host the Olympics, although a government audit put the figure at twice that. Local estimates indicate the postponement will cost $2bn to $6bn, with the Japanese government picking up almost all the bills.

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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

While you're here
MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

UAE WARRIORS RESULTS

Featherweight

Azouz Anwar (EGY) beat Marcelo Pontes (BRA)

TKO round 2

Catchweight 90kg

Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)

Split points decision

Welterweight

Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)

TKO round 1

Flyweight (women)

Lucie Bertaud (FRA) beat Kelig Pinson (BEL)

Unanimous points decision

Lightweight

Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)

TKO round 1

Catchweight 100kg

Marc Vleiger (NED) beat Mohamed Ali (EGY)

Rear neck choke round 1

Featherweight

James Bishop (NZ) beat Mark Valerio (PHI)

TKO round 2

Welterweight

Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)

TKO round 1

Middleweight

Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)

Unanimous points decision

Bantamweight

Fabio Mello (BRA) beat Mark Alcoba (PHI)

Unanimous points decision

Welterweight

Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)

TKO round 1

Bantamweight

Trent Girdham (AUS) beat Jayson Margallo (PHI)

TKO round 3

Lightweight

Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)

TKO round 1

Middleweight

Tarek Suleiman (SYR) beat Steve Kennedy (AUS)

Submission round 2

Lightweight

Dan Moret (USA) v Anton Kuivanen (FIN)

TKO round 2

LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5