Figures in the Japanese media have ranged between $2 billion and $6 billion, with most mounting expenses likely to be covered by government entities.
Although he was vague about the costs and who will pay, Muto was very clear about one thing in the online news conference.
“The actual games we will have one year from now may not be the same conventional Olympic and Paralympic Games that we have come to know,” he said, speaking in Japanese and translated through in interpreter.
Muto floated ideas about cuts everywhere, though the only specific target he mentioned was the torch relay.
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“We are looking into every possible area,” he said. “It’s time for all of us to review what are the essential things for the games. What are the must-have items? … I think we might come up with a new Olympic and Paralympic Games, something that is unique to Tokyo.”
1:13Coronavirus outbreak: Postponed Olympics to take place July 23,