Japan told IOC it would pay for cost of postponing Olympics: Kyodo citing IOC

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe has agreed that his country would shoulder the cost of postponing the Olympics – estimated at around $3 billion – in line with the existing contract, Kyodo news agency said, citing the International Olympic Committee.

Kyodo said the IOC, headquartered in Switzerland, made the disclosure on Monday.

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