Japan
Akio Toyoda, Toyota Motor Corporation President announced his resignation as Vice Chairman of the organizing committee for the Tokyo 2020 Olympic Games.
The CEO however said that he would remain in his position as the chairperson of the Japan Business Federations’ Committee on the Tokyo 2020 Olympic and Paralympic Games.
Explaining the decision to resign, Toyoda said it was “vitally important” for the organizing committee.
Akio Toyoda stepping down from Tokyo Olympic Committee, Sankei reports. https://t.co/XNvQ3NCX2H What's going on unclear…
— Craig Trudell (@crtrud) December 21, 2015Toyoda’s resignation comes days after Japan’s public broadcaster NHK announced that Tokyo Olympics 2020 will cost the host organising committee six times more than their original estimate, and will be around 1.8 trillion Yen (14.9 billion Dollars).
Total costs for staging the Tokyo Olympics estimated to be more than 2.1 trillion Yen, will be shared by the committee, the Tokyo government and national government.
01:47
Moroccan steeplechaser Soufiane El Bakkali on hunt for Olympic gold
02:24
Niger's Abdoulrazak Alfaga aims for Olympic gold in Taekwondo in Tokyo
02:10
Senegal’s First Professional Surfer Khadjou Sambe is Making Waves
01:34
How 'Eric the eel' transformed swimming in Equatorial Guinea
01:30
GNA's Fayez al-Sarraj announced plans for resignation
01:20
Stranded Japanese Couple in Cape Verde to be Ambassadors