- Olympic preparations marred by Covid restrictions
- Holiday bookings surge
- UK GDP disappoints
Olympic torch arrives in Tokyo
The rain drizzled on Komazaka Olympic Park Stadium, where the stands were vacant except for a handful of journalists and officials.
It was hardly a triumphant welcome for the Olympic torch as it arrived in Tokyo today, only hours after a state of emergency was declared in the Japanese capital and organisers announced spectators would be barred from all events in the city.
Now more than a dozen companies are pulling back their sponsorship for the games, Reuters reports, dealing a further economic blow to a government that has increasingly come under attack from its citizens as it pushed ahead with the Olympics despite struggling to contain a rise in Covid cases.
But should investors look beyond the Olympics to long-term value in Japan? In her recent piece, Mary McDougall argued yes. OT
Further reading:
Does hosting the Olympics mean a gold medal for financial chaos?
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