Tokyo Olympics organisers say will cut costs by Sh30 billion

A demonstrator holds a sign to protest against the Tokyo 2020 Olympic Games. [Reuters]

The cost of the coronavirus-postponed Tokyo Olympics will be slashed by $280 million (Sh30 billion), organisers said yesterday, touting a scaled-back, less flashy Games, with cuts to everything from staffing to pyrotechnics.

But the final cost of the event, officially budgeted before the pandemic at 1.3 trillion yen ($12 billion), remains unclear because additional expenses caused by the postponement have not yet been made public.