Tokyo 2020 Summer Olympics to be postponed:

Japanese authorities are planning to postpone the Tokyo 2020 Summer Olympics due to the COVID-19 pandemic. The final decision will be announced soon. It was announced by Yoshiro Mori, president of the Tokyo 2020 Organizing Committee. 

Highlights:

The game will not be cancelled but will be postponed. The organizers are still discussing if they could still secure the Olympic venues for all 33 sports, and for the Paralympics. 

Japan`s official budget for the Olympic Games is around $12.6 billion, so far. The Tokyo Olympic torch relay is due to start on 26 March in Fukushima in northeastern Japan. Recently, Canada and Australia have announced its pullout from the Tokyo Olympics due to the COVID-19 outbreak.

Games of the XXXII Olympiad (2020 Summer Olympics):

Host city: Tokyo, Japan

Planned dates of the event: 24 July-9 August 2020

Participating Nations: 204

Athletes: 11,091

Events: 339 in 33 sports.