There will be no Summer Olympics this July. The IOC announced Tuesday that, due to the coronavirus pandemic, the Tokyo Games will be postponed to 2021.

Athletes and fans are disappointed, of course, but this move will also have tremendous consequences for the economies of Tokyo and Japan.

Alastair Gale, The Wall Street Journal’s Japan editor, joined us from Tokyo.

KG: So I actually want to start back in 2013. There were three finalists bidding to host the 2020 Summer Games: Istanbul, Madrid and Tokyo. Why was Tokyo bidding for the Games? And why, ultimately, do you think the IOC went with the city? 

AG: It was pitched, really, as a

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