By Syndicated Content
By Leika Kihara
TOKYO (Reuters) - Cancelling or postponing the Tokyo Olympics Games probably will not hurt Japan s economy much, but may require the government to offer targeted support for hard-hit small firms, a senior official of the International Monetary Fund said.
While the government plans to proceed as scheduled, a renewed spike in coronavirus infections and slow vaccine rollouts have added to worries about the fate of the Olympics, set to start in July after being delayed from last year. A change to the plans for the Olympics would have a limited impact on overall near-term growth prospects, given that Japan is a large and diversified economy, said Odd Per Brekk, deputy director of the IMF s Asia and Pacific department.
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