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Tokyo Olympics: Costs Hit Almost $25 Billion — May Go Higher

The price tag keeps soaring for the 2020 Tokyo Olympics despite local organizers and the International Olympic Committee saying that spending is being cut. A report just released by the national government's Board of Audit shows Japan is likely to spend $25 billion to prepare the games, and the final number could go even higher. This is nearly a four-fold increase over Tokyo's winning bid in 2013, which the report said projected costs of 829 billion yen, or $7.3...

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