Japan worried about 2020 problem, or life after the Olympics

February 9, 2016

Tokyo, Feb 9: Japan is gearing up for the 2020 Tokyo Olympics with gusto, investing in everything from stadiums to electric cars, and expecting an economic bonanza from a construction frenzy and an influx of visitors.

Olympics

On the face of it, hosting the Olympics is a big win for Japan at a time when its economy seems besieged by intractable problems. The Bank of Japan estimates the economic perk at 30 trillion yen (USD 250 billion), many times even the highest estimate of the costs to prepare for and run the event.

But for some, 2020 is another manifestation of what has been going wrong in Japan for decades. Instead of modernizing the economy and taking other steps to address the powerful headwinds of an aging population and shrinking workforce, the government has turned again to its well-worn playbook of borrow and hope.

Discussion and fears about what Japan can turn to for an economic lifeline after the Olympics have become so commonplace it's even been given a name: the 2020 problem.

Japan "will overstretch itself," William Saito, an entrepreneur and technology expert, said of the spending for the games. "It will quite possibly be the straw that broke the camel's back," he said. "Everyone is predicting that it will be that catalyst."

In his concerns, Saito is joined by a chorus of doomsayers. The title of one recent book screams: "Japanese Land Prices Sink to a Third of Their Value! The Crisis That Comes After the 2020 Tokyo Olympics."

Prophetically, for the naysayers, preparations for the Olympics have already hit big snags. The design of the main stadium has been redone after a public uproar over its cost. The Tokyo Olympics emblem is being redesigned because of plagiarism allegations.

And the organising committee has not disclosed an official estimate of costs, saying it's still trying to figure it out and did not know when such a number would be ready.

It has acknowledged the cost will be considerably higher than the 350 billion yen (USD 3 billion) it gave when the city was bidding.

The dire predictions of what's in store for Japan after the Olympics range from a collapse in property prices to a financial crisis sparked by the weight of the government's debt burden, which is the highest in the industrial world at 234 per cent of gross domestic product.

The time limit for getting that debt under control may be running out, said Kazumasa Oguro, professor of economics at Hosei University.

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News Network
May 6,2020

New Delhi, May 6: He has flattered to deceive on umpteen occasions but highly-rated wicketkeeper-batsman Sanju Samson says he has learnt to accept his failures in pursuit of the calm demeanour that former India captain Mahendra Singh Dhoni possesses.

The 25-year-old from Kerala has always been talked about by the likes of Rahul Dravid and Gautam Gambhir but it hasn't translated into international success with only four T20 Internationals in his kitty in the last five years.

"I have learnt to understand and focus more on my strengths and (be more) accepting (of) the failures. I try to contribute to the team's cause and try to take the team over the line. I am learning to focus and control my emotions while batting like MS Dhoni," Samson said during a podcast organised by Rajasthan Royals.

He recently made a comeback in India's T20 side and it was a worthy experience for him.

"It was great to be a part of the Indian team again. To be a part of one of the best teams in the world, surrounded by players like Virat bhai and Rohit bhai, it was a fantastic experience," Samson said.

In one of the games in New Zealand, Samson was sent to bat in the Super Over, something which made him feel wanted in the Indian set-up.

"It was a great feeling to be trusted by the players such as Virat bhai and Rohit bhai to go out there and bat in the crucial moments. It's a great feeling when the team and the players consider you to be a match winner."

On a lighter note, Samson revealed that he refers to Steve Smith as "chachu" (uncle) after Brad Hodge once started calling him by that name.

"I share a very good relationship with 'Chachu' Steve Smith. He is one of the best brains in world cricket and we all enjoy a lot playing under him."

Asked what's the back story of the nickname, Samson said: "It started with Brad Hodge, he used to call Smith 'Chachu', then when Hodgy left, I started calling Smith 'Chachu'. In return Smith also started calling me 'Chachu'. We both really enjoy and continue calling each other that."

While Dhoni is his idol, he also loves watching Jos Buttler in Royals and makes notes on how the star Englishman prepares for games.

"I observe Jos especially given he too is a wicketkeeper-batsman. He's always working on his skills and his game and never sits idle.

"He's either working on his keeping, batting in the nets or running around the park. I love to observe and know how he thinks and prepares as a keeper before a game.

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News Network
June 9,2020

Jun 9: Former West Indies skipper Darren Sammy has released a video, alleging racism within the SunRisers Hyderabad camp. Last week, Sammy had lost his cool after learning the meaning of the word "Kalu", which he alleged was directed at him during his Indian Premier League (IPL) stint with the SunRisers Hyderabad. The T20 World Cup-winning Windies skipper had said that he along with Sri Lanka player Thisara Perera were sometimes called that word when they played for SunRisers Hyderabad. However, Sammy did not specify as to who directed these slurs at him, but now the player has released a video, saying he will message all those who called him that word.

"I have played all over the world and I have been loved by many people, I have embraced all dressing rooms where I have played, so I was listening to Hasan Minhaj as to how some of the people in his culture describe black people," Sammy said in a video posted on his Instagram account.

"This does not apply to all people, so after I found out a meaning of a certain word, I had said I was angry on finding out the meaning and it was degrading, instantly I remembered when I played for SunRisers Hyderabad, I was being called exactly the same word which is degrading to us black people," he added.

Sammy said that at the time when he was being called with the word, he didn''t know the meaning, and his team-mates used to laugh every time after calling him by that name.

"I will be messaging those people, you guys know who you are, I must admit at that time when I was being called as that word I thought the word meant strong stallion or whatever it is, I did not know what it meant, every time I was called with that word, there was laughter at that moment, I thought teammates are laughing so it must be something funny," Sammy said.

"Now, I realise it was degrading, I will be texting you guys and I will ask you as to when you called me with that name, did you all mean it in any bad way or form? I have had great memories in all my dressing rooms, so all those who used to you call me with that word, think about it, let's have a conversation, if it was in a bad way then I would be really disappointed," he added.

The former Windies skipper has been a vocal supporter of the protests that are currently going on in the United States over the death of an African-American man named George Floyd.

Sammy had also made an appeal to the ICC and other cricket boards to support the fight against social injustice and racism.

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Agencies
July 30,2020

New Delhi Jul 30: After Pakistan cricketer Umar Akmal's ban was reduced to 18 months, Danish Kaneria criticised Pakistan Cricket Board's (PCB) policies and said that the 'zero tolerance policy' applies only to him.

"Zero Tolerance policy only apply on Danish Kaneria not on others, can anybody answer the reason why I get life ban not others, Are policy applies only on cast, colour, and powerful background. I am Hindu and proud of it that's my background and my dharma," Kaneria tweeted.

Earlier on Wednesday, Akmal's three-year suspension was reduced to 18 months by an independent adjudicator, former Pakistan Supreme Court judge, Faqir Mohammad Khokhar.

On April 27, the Chairman of the Disciplinary Panel, Justice (retd) Fazal-e-Miran Chauhan, had banned the wicketkeeper-batsman for three years after finding him guilty of breaching the PCB's Anti-Corruption Code in two separate incidents.

Akmal, on May 19, filed an appeal against the three-year ban imposed on him, seeking a reduction in the duration of the sanction. He will remain suspended effectively from February 2020 till August 2021.

The batsman said he might appeal again to get the ban "reduced further".

"I am thankful to the judge for listening to my lawyers properly. I will decide about the remaining sentence and try to get it reduced further. For now I am not satisfied and will consult my lawyers and family how to take this ahead," ESPNcricinfo had quoted Akmal as saying.

"There are many players before me who made mistakes and just look at what they got and what I got. So all I say right now is thank you very much," he had added.

On the other hand, Kaneria was found guilty of spot-fixing while playing for English club Essex and was banned from the sport.

Earlier this month, Pakistan's cricket governing body 'advised' Kaneria to approach England and Wales Cricket Board (ECB) if he wants to play domestic cricket after the cricketer had appealed to the PCB, seeking permission to play domestic cricket. 

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