Tokyo 2020 Olympics could get postponed due to coronavirus

Under the hosting agreement, the IOC President (Thomas Bach) holds the right to cancel the Games.

However, last week, he asserted that his team is looking forward to staging the Tokyo Olympics on schedule despite the coronavirus spread.

"The IOC is fully committed to a successful Olympic Games in Tokyo starting July 24," Bach had told Japanese media.

Japan's Olympics minister clarified that the contract allows the games to get postponed.

"The contract calls for the games to be held within 2020. That could be interpreted as allowing a postponement," said Hashimoto in response to a question in the parliament.

"We are doing all we can to ensure that the Games go ahead as planned," she added.

Although Japan has been pushing hard for hosting the Olympics as per the schedule, a wheelchair rugby test event scheduled between March 12-15 was cancelled due to this global pandemic.

"Tokyo 2020 nevertheless will carry out the wheelchair rugby test event in some form in April, after ensuring a safe and secure environment," an official statement read.

The latest figures state that Japan's Olympic budget stands at 1.45 trillion yen (£10.5bn), with 120bn yen (£870m) being spent to build the newly-built Olympic Stadium.

The Paralympics would cost an additional 30bn yen (£217m), which will be held in August following the Olympic Games.

Any delay in the Games would affect the host country negatively.