The Japanese stock markets have not factored in the cancellation of the 2020 Olympics.
2020 Olympics won't be postponed to the end of the year in Japan because the weather won't be suitable to hold it anymore. This event also cannot be postponed to next year (2021) because this will affect the next Olympics which is to be held in 2024. Therefore, the event is likely to be cancelled since covid-19 outbreak cannot be contained worldwide. Japan will lose billions from this cancellation since $12 billions have been invested to prepare the sports facilities and infrastructures.
After the 2020 Olympics is cancelled, the Japanese government will start to report the true covid-19 statistics which won't be good.
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https://sg.news.yahoo.com/news/tokyo-olympics-plans-insensitive-irresponsible-ioc-member-222451245--spt.html
Japan still insists that the Olympics must go on because it knows the consequences of the cancellation.
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