Tokyo 2020 unveils new budget, spending unchanged at $12bn
The organisers of the Tokyo 2020 Olympic Games unveiled the latest version of the Games' budget on Friday. The new budget has kept the estimate unchanged at 1.35 trillion yen ($12.1 billion) from last year. "Tokyo 2020 has seen increases in some areas but has successfully reduced expenditures in other areas," Tokyo 2020 CEO Toshiro Muto said in a statement.