Abe hopes 2020 Olympics will bolster economy – WSJ

As per Wall Street Journal (WSJ) article, Japanese PM Abe is counting on 2020 Olympics to boost the nation’s economy.

WSJ article says, “Japan has already earmarked $7.3 billion to build a new stadium and other infrastructure in anticipation of the Olympics, a figure expected to rise, in addition to billions of dollars for upgrading transport networks.”

Mr. Abe proposes to make sports “a core industry” as part of his effort to boost Japan’s nominal GDP by 20% from its 2015 level.