Here’s a link to a Bloomberg story on Tokyo’s winning bid for the 2020 Olympics and Paralampics.
Says;
- May boost construction and tourism stocks today
- Give a lift to consumer confidence
- government’s official estimate of the games generating an additional 0.3% of GDP
- Morgan Stanley says the gain is greater, around 0.7 to 0.8%
“Olympics-related stocks are yet to fully price in the decision, even though they’ve already outperformed”
More here, though nothing unexpected, at: Tokyo Olympics Win Seen Boosting Infrastructure, Abe’s Recovery
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