The 2020 Summer Olympics, officially known as the Games of the XXXII Olympiad and commonly known as Tokyo 2020 or the Recovery Olympics, is an upcoming international multi-sport event scheduled to take place from July 24 to August 9 2020 in Tokyo, Japan, with preliminary events in some sports beginning on July 22.
Tokyo was selected as the host city. This will be the second time that Japan and specifically Tokyo has hosted the Summer Olympics. These Games will see the introduction of new and additional competitions at the Summer Olympics, including 3×3 basketball, freestyle BMX and Madison cycling, as well as further mixed events. I think it will be very interesting to see new sports introduced; some think it is not necessary to add any more. After they see the new sports introduced this summer, I’m sure their minds will be changed.
Tokyo set aside a fund of 400 billion Japanese Yen (worth over 3.67 billion U.S. dollars) to cover the cost of hosting the Games. It was announced that the National Stadium in Tokyo, the central venue for the 1964 Summer Olympics, would undergo a ¥100 billion renovation for the 2019 Rugby World Cup and the 2020 Olympics. This is mostly funded by private investors.