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
March 4,2020

Sydney, Mar 4: Teenage Indian batting sensation Shafali Verma on Wednesday rose to the top spot in the ICC women's T20 International rankings, riding on her stellar run at the ongoing World Cup here.

The 16-year-old Verma takes over from New Zealand's Suzie Bates, who had been the top batter since October 2018 after wresting the spot from West Indies captain Stafanie Taylor.

However, Smriti Mandhana has slipped a couple of rungs to sixth in the latest list.

Verma and England spinner Sophie Ecclestone will go into the semifinals of the event as the top ranked batter and bowler respectively. India will take on England on Thursday.

Verma's explosive batting at the top of the order saw her score 161 runs in four innings, including knocks of 47 and 46 against Sri Lanka and New Zealand. It helped her become only the second India batter after Mithali Raj to top the women's T20I batting rankings, according to an ICC statement.

Ecclestone, who took eight wickets in four matches including a best of three for seven against the West Indies, is the first England bowler to be number one since Anya Shrubsole in April 2016 and the first England spinner at the top since Danni Hazell in August 2015.

Among the Indian bowlers, Poonam Yadav is up four places to eighth after a good run in World Cup.

Some valiant performances from Sri Lanka skipper Chamari Athapaththu have seen her move from 18th to 14th spot for batters.

England's Nat Sciver is again in the top 10 and captain Heather Knight in the top 15 for the first time.

South Africa opener Laura Wolvaardt has advanced 23 places to 44th, while Pakistan's Aliya Riaz has gained 24 places and is 48th while New Zealand's Maddy Green is in the top 100 after advancing 28 slots.

In the bowlers' list, leg-spinners Amelia Kerr of New Zealand (up two places to fourth) and Australia's George Wareham (up nine places to 10th) have made significant gains in the latest rankings update.

Other bowlers to advance include new-ball bowler Diana Baig of Pakistan (up 34 places to 13th), Shashikala Siriwardena of Sri Lanka (up seven places to 14th), Anya Shrubsole of England (up five places to 17th), Dane van Niekerk of South Africa (up 12 places to joint-22nd) and Shikha Pandey of India (up 23 places to joint-22nd).

New Zealand captain Sophie Devine is now the sole number one all-rounder after coming into the tournament as a joint number one along with Australia all-rounder Ellyse Perry.

India's Deepti Sharma has advanced nine places to seventh, the first time that she is among the top 10 in the all-rounders' list after also moving up to 53rd among batters.

Australia remain at the top of the T20I team rankings with 290 points and England in second position with 278.

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News Network
January 18,2020

New Delhi, Jan 18: There was not much rustiness but just the initial nervousness, which a “pleasantly surprised” Sania Mirza shook off to win a title in her first tournament in 27 months, capping off her comeback from a maternity leave in style.

Partnering Ukraine's Nadiia Kichenov, the trailblazing Indian tennis player annexed the Hobart International trophy with a straight sets win over second seed Chinese pair of Shuai Peng and Shuai Zhang.

She worked hard to get into shape but the way she moved, it seemed Sania was never away from the courts.

“It's something I did not expect totally, so to say, but I am excited to be able to do this in my first tournament on comeback," Sania told PTI in an exclusive interview from Melbourne.

“I honestly thought I would be a bit more rustier than I was. I was pleasantly surprised that I was not. But there are things I can improve and that is what makes a champion. You always want to get better in what you are doing, no matter how well you do."

The 33-year-old winner of six Grand Slam titles said she played without pressure, and insisted there was no secret to the swift success on comeback.

“There is no key, I wish I knew, there was one key to winning. I just enjoyed my game. You have to work hard, play your game. I was playing with a new partner, new gear after two-and-a-half years. There was no pressure and no expectations.

"The first match was the only one when I felt a bit nervous because I did not know how my body would react and how I would play. That match was difficult but it set the tone and momentum. I was happy to come though that one and after that things kept getting better and better," she said.

Sania said her body has certainly changed after giving birth to son Izhaan but she did not have to tweak her post-match recovery process much.

“It does change. I was dealing with a calf injury, from last month and I aggravated a bit today. I am still icing it as we speak but it should not be serious.

“The body is a lot different now. It recovers different. But recovery (process) has not changed so much, it's similar."

Asked if she could go for her shots as she was doing before the break, she said, “I was able to do enough, I can improve, no matter how I play."

"My serve was decent but I can improve. I the first match I was not serving that well and was not returning well on important points but by the time I was playing the final, I was doing both of those little better. It is a process, it does not happen overnight. It's something will keep working on."

Serena Williams set an example in 2018 when she came out playing highly competitive tennis after giving birth to her daughter Olympia. There are other tennis moms like Victoria Azrenka and Evgeniya Rodina.

Sania said she did not seek any input from tennis moms but their presence on the Tour is inspiring enough.

“I did not speak to anyone but it is inspiring to see so many moms around, playing well in different sports."

Sania will play the Australian Open mixed doubles with compatriot Rohan Bopnna after her original first-choice Rajeev Ram opted out due to health reasons.

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News Network
May 14,2020

New Delhi, May 14: Mahendra Singh Dhoni is an unconventional and unique leader, whose biggest strength is his incredible gut feeling, says his Chennai Super Kings teammate Faf du Plessis.

The former South Africa skipper has spent considerable time with Dhoni after joining the Indian Premier League (IPL) side in 2011 and has been an integral part of its successful journey.

"He reads the others player really well and he uses that to make instinctive decisions on the field. He's got an incredible gut feeling on the game and I think that's his biggest strength," du Plessis said in a Facebook live session with Bangladesh ODI skipper Tamim Iqbal.

The 35-year-old said Dhoni changed his perception of how a captain should be.

"It was amazing for me to see how different M S was as a captain. I used to think a captain must speak all the time in team meetings etc but M S was completely different.

"He doesn't believe a lot in team meetings. He's a very instinctive captain he's got such a good cricket brain that he relies on it to make the right decisions on the field," du Plessis said of former India skipper.

Dhoni last played for India in World Cup semifinal last year and was expected to be back to playing competitive cricket at now-postponed IPL.

Calling Dhoni the best finisher he has played with, Du Plessis said no one can emulate what the dasher from Ranchi can do with the bat.

"He's extremely calm. I haven't played with someone who is a better finisher than him. It's just remarkable to watch him from the side of the field."

"If someone else tries to do it like him they won't be able to. He's just so unique like he times the ball so late he's got an incredible calmness. He knows his game and he picks a bowler and goes for it."

Du Plessis said that playing for CSK alongside Dhoni and under the guidance head coach Stephen Fleming has taught him a lot about leadership.

"I'm lucky to have started my journey there at CSK because I have really learned a lot from a leadership point of view. I tried to learn as much as possible from Dhoni and Stephen Fleming because both are great captains."

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