日本期待奥运会提振经济

As Tokyo celebrates its weekend win to host the 2020 Olympic Games, the Japanese sharemarket received a boost, as investors eye the long term economic potential of a winning bid.

Cheerful folks. Big signs saying thank you. That’s what can be seen in the streets after the city won the bid for 2020 Summer Olympics on Sunday.

The stock market shot up Monday, as investors bet the win will stimulate the country’s economy with more investment in infrastructure.

"Certainly it is quite good news that Japan’s economy will be supported by various investments of the expected Olympic Games. However, more profoundly, this is very important trigger that may turn around Japanese so seriously depressed people’s mentality, sentiment. I would say the revitalisation of animal spirits to be taking place with the invitation of the Olympic Games." Ryoji Musha, President of Musha Research Co., Ltd, said.

According to some estimates, hosting the games could yield more than 40 billion U.S. dollars value, and create over 150 thousand jobs. Analysts say more than half of the new demand will go to construction and Olympics-related sales.

That’s explains the "maximum support" from the government to the event.

"I think this decision that Tokyo hosts (2020 Olympics) is so delightful. I think the bidding effort by all Japan team led to this result. All the related government ministries will work together and will give the maximum support to host the best game." Yoshihide Suga, Chief Cabinet Secretary said.

The country’s second quarter GDP just revised up on Monday. Now the Abe administration holds a new wish that the Games can bring more strength to the recovery.