The Pyeongchang Winter Olympics has been hailed as the most tech-centric ever, but Tokyo now wants to break that record in 2020.
People called the Pyeongchang Olympics the most high tech in history, with it serving as a testing ground for the largest 5G wireless network showcase yet. Companies have also unleashed their technologies there, such as self driving cars, high speed video streaming, and also the virtual reality viewing.

Now days, the Japanese are very confident that they can play better, at the upcoming Tokyo 2020 Summer Olympics.

The director of the Economist Intelligence Unit for Southeast Asia, Andrew Staples added that the potential economic benefits from the Olympics will be from "the infrastructure that is going in to build the facilities.

Said Takaya that efforts are in place to keep costs down. The Tokyo 2020 Organizing Committee, the Tokyo Metropolitan Government and the national government, are "working closely to control the budget," which is at $12.6 billion. The decision to use some existing facilities has helped reduce venue costs by more than $2 billion, he said.

The tourism targets of Japan is ahead of Tokyo 2020

Ahead of Tokyo 2020, the Japan National Tourism Organization said it plans to grow inbound tourism to 40 million by 2020, from nearly 29 million currently.

The Tokyo 2020 Olympics is also expected to bring about an increase in the demand for accommodation, and short-term rentals site Airbnb is keen to capitalize on the buzz.

Japan legalized Airbnb services last year, and. Mike Orgill, Asia Pacific Head of Policy at Airbnb, told CNBC the company is keen on partnerships surrounding the Tokyo 2020 Olympics.
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