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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Agencies
February 5,2020

Hamilton, Feb 5: Talented Shreyas Iyer hit his maiden century while KL Rahul and skipper Virat Kohli carried on their fine form as India dished out a clinical batting effort to post 347 for four against New Zealand in the first ODI here on Wednesday.

Iyer showed why he is considered as the next big thing in Indian cricket, scoring 103 off 107 balls, his first ODI ton. Besides, Rahul continued his purple patch, smashing unbeaten 88 off 64 balls while Kohli made 51 off 63 deliveries.

Iyer's knock was laced with 11 fours and a six and together with Rahul shared 136 runs for the fourth wicket as India scored 96 runs in the last 10 overs after being sent into bat.

This was after Tom Blundell featured his maiden ODI for the Black Caps, while India gave debuts to two openers -- Prithvi Shaw and Mayank Agarwal.

It was the fourth such instance in Indian history with Rahul-Karun Nair being the last such pair in 2016 against Zimbabwe.

Shaw and Agarwal got the innings off to quick start, adding 50 off 48 balls for the opening stand.

But both Shaw and Agarwal fell in the space of five balls as India were reduced to 54 for 2.

Shaw was the first to go, nicking behind a Colin de Grandhomme (1/41) delivery, while Agarwal was caught at point by Blundell off Southee (2/85).

It brought Kohli and Iyer together, and they dominated the middle overs with a 102-run stand for the third wicket. They manoeuvred the field well and kept the scorecard ticking as India crossed 150 in the 28th over.

Kohli fell against the run of play as a wrong one from Ish Sodhi (1/27) got through his defence to clip the leg stump.

Rahul though didn't let the innings lose any momentum as he smacked six sixes along with three fours.

But the day belonged to Iyer, who, despite a scratchy start, had crossed 50 off 66 balls. Once he passed the 50-run mark, the stylish right-hander batted fluently to notch up his first century in 16 ODIs.

The centurion fell shortly afterwards, caught off Southee even as Rahul took control.

He reached his half-century off 41 balls as India eased past 300 in the 47th over.

Rahul's carnage meant that New Zealand conceded 191 runs in the last 20 overs. Kedar Jadhav remained unbeaten on 26 off 15 balls, stitching 55 off 27 balls with Rahul.

Brief Scores:

India: 347 for 4 in 50 overs (Shreyas Iyer 103, KL Rahul 88 not out, Virat Kohli 51; Tim Southee 2/85).

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News Network
April 14,2020

Melbourne, Apr 14: As all sporting action across the world has come to a halt due to the coronavirus pandemic, Australian bowlers are pondering as to how Indian skipper Virat Kohli might play in front of no spectators.

India and Australia are scheduled to play a four-match Test series later this year, and it is being speculated that the series might end up taking place without any crowds due to the COVID-19 pandemic.

Australian spinner Nathan Lyon on Tuesday said that it would be interesting to see how Kohli goes about it if he does not get a chance to get the audience behind him.

"He is probably good enough to adapt to any scenario. But I was talking to Mitch Starc the other day and we actually said that if we are playing with no crowd, it'll be quite amazing to see Virat trying to rev up the empty seats," cricket.com.au quoted Lyon as saying.

"It is going to be a little bit different, but Virat is a superstar. He will be able to adapt to any climate that we are able to play in," he added.
During the 2018-19 series, India managed to defeat Australia in Australia for the first time in a Test series.

Australia, at that time were without the services of David Warner and Steve Smith. However, the series later this year promises to be a mouth-watering prospect.

"I am excited about the prospect of India coming out to Australia, it's up there with the biggest series alongside the Ashes. They are an absolute powerhouse of the cricket world, and to have those guys out here is going to be fantastic. Playing in front of crowds or no crowds is out of our control, we have got to follow the advice of all the amazing medical people around the world," Lyon said.

"I have not thought about no crowds or massive crowds, it is just about the opportunity of playing against India again. They had the wood over us last time they came over here but we are a much stronger Australian cricket side at the moment, and I am just unbelievably excited about playing them here at home," he added.

Lyon was slated to represent Hampshire in County Championship this year, however, his stint was called off last week due to COVID-19.
He is Australia's third-highest wicket-taker in the longest format of the game as he has total of 390 wickets in Test cricket.

Lyon was last seen in action in the Big Bash League for Sydney Sixers.

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News Network
January 9,2020

Mumbai, Jan 9: Former India all-rounder Irfan Pathan feels that the Men in Blue have the edge over Australia in terms of talent and confidence ahead of the two teams' three-match ODI series starting January 14 in Mumbai.

"In the past that wasn't the case because they were doing really well. We were trying to match that level. I feel that Indian cricket is a notch ahead in terms of talent, in terms of cricket and in terms of confidence," Star Sports expert Irfan Pathan said. "The only thing that will make it equal is the kind of pitches we are going to play in Australia because we do not have experience playing on those hard and bouncy pitches," said Pathan, who recently called time on his international career.

Recounting his favourite memory of playing against Australia, Irfan said, "It all started in Australia for me. The most memorable moment was getting my first wicket and helping India win a Test match in Australia after 21 years. Winning the Test in Perth and being named the Man of the Match is also a favourite memory for me."

Australia have already announced their team for the three-match ODI series with India. The team will be led by Aaron Finch. The other members of the team are Ashton Agar, Alex Carey, Pat Cummins, Peter Handscomb, Josh Hazlewood, Marnus Labuschagne, Kane Richardson, D'Arcy Short, Steve Smith, Mitchell Starc, Ashton Turner, David Warner, and Adam Zampa.

India are yet to announce their team but in all probability, it will be led by Virat Kohli who has been in phenomenal form over the last few years. All three ODIs are day and night affair. While the first match of the series is on January 14 in Mumbai, the second will be played at Rajkot on January 17 followed by the January 19 clash in Bengaluru.

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