Olympics: Tokyo Games to focus on cutting costs

An athlete holds the Olympic torch during the flame handover ceremony. [Reuters]

Olympics organisers must reduce costs related to the postponed Tokyo Games by focusing on the "must-haves", IOC Coordination Commission chief John Coates said following a remote meeting with Japanese planners on Thursday.

The International Olympics Committee (IOC) and the Japanese government made the unprecedented decision last month to postpone the Games, scheduled to start in July, until next year because of the worldwide coronavirus crisis.