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CNBC.com: “The naysayers are wrong: Olympics should be great for Japan”

. . . Pace University business professor Robert Vambery pointed out that Japan has had two decades of a depressed economy, has been surpassed by China and is watching its population age rapidly.

“Japan really needs this Olympics,” he said.

The uplift began with the bid win and will continue as Tokyo gets in shape for the big event and then finally sees people from all over the globe arrive at its doorstep, Vambery said.

He puts the cultural and entertainment value of the 2020 games at “not less than $15 billion and as much as $30 billion,” not including revenue from travel, hotels, shopping, etc.

Read the story on CNBC.com.

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