TOKYO (AP) — Tokyo's governor promises that the return of the Olympics in 2020 — nearly a half century after the city's first games — will be a sports success and an economic boost to the nation.
Thousands of Tokyo residents crowded the plaza in front of City Hall to welcome home Gov. Naoki Inose and members of the bidding committee on Tuesday from the IOC vote in Argentina. Tokyo was chosen to host the games Sunday, beating out Madrid and Istanbul.
Inose said the games will be a chance to make new history for the nation, coming after years of economic sputtering, the devastating earthquake and tsunami of 2011 and the ongoing nuclear crisis that disaster touched off.
"It's all ahead of us," Inose told the crowd. "Let's all pull together as a nation."
The prospect of hosting the Olympics lifted share prices in construction, real estate and tourism-related companies, boosting Tokyo's Nikkei 225 stock index by 2.2 percent soon after trading began Monday morning.
Concerns over the nuclear disaster in Fukushima, just northeast of Tokyo, almost derailed the Olympic bid. Tokyo has been in the running for seven years.
Containing radiation from the crippled nuclear plant in Fukushima continues to be a major problem, but the government and the power company that runs the plant insist there will be no health risks for the hordes of athletes and spectators expected in Tokyo for the games.
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