BoJ research estimates impact of Olympics on growth
Tourism and construction investment pick-up drives expansion
The Tokyo Olympics will boost Japan's annual real GDP growth by around 0.2–0.3 percentage points each year between 2015 and 2018, according to research published by the Bank of Japan (BoJ).
The games, which will take place in 2020, will generate an increase in foreign tourism and construction investment in the years leading up to them, Mitsuhiro Osada, Mayumi Ojima, Yoshiyuki Kurachi, Ko Miura and Takuji Kawamoto note.
Construction investment, they say, will increase "substantially" in 2017 and
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