Tokyo Olympics to boost Japan GDP by 0.2-0.3 %/yr in 2015-18: BOJ

DEC 28, 201510:51 AM

[TOKYO] The Olympic Games to be held in Tokyo in 2020 are likely to boost Japan's gross domestic product (GDP) by an average 0.2-0.3 per cent each year from 2015 to 2018, the Bank of Japan said on Monday.

The estimate is based on the assumption that construction investment related to the Olympic Games will reach a cumulative 10 trillion yen (S$116.7 billion) by 2020, the central bank said in a report assessing the economic impact of the Games.

REUTERS