Japan winning the 2020 summer Olympics is a massive boost. Business confidence will improve as industries see the effects of increased government and private spending over the next seven years, plus n

Good news for Japan and exactly what the country needs to lift citizens spirits and boost business.

More government spending? Do they have any money left?

Sounds like Mr. Lucas is trying to set himself up for a job in Japan. Only three Olympics have made money and this government will not be number 4.

Movieguy, you are right about that. The LA Olympics in 1984 for one was well planned and actually broke even. Hopefully Japan can learn from that one.

Funny, the Nagano Olympics in 1998 had the opposite effect: complaints from local operators of a decline in business followed by a regional recession, and then a sleaze scandal. "Confidence"? LOL.

Sure, with Nagano, there was exuberance after the selection, with rosy predictions from the vested interests, like now, but then harsh reality soon set in, after people realized the folly of looking to a 3-week, one-off event that needs a ton of tax revenue to run as an economic savior.