Successful Olympic bid to boost Japan economy: PM

September 08, 2013 15:11

Japan's successful bid for the 2020 Olympics will act as a trigger and bring economic benefits to the world's third largest economy, affected by deflation for the past 15 years, Prime Minister Shinzo Abe has said.

"I'm hoping that the hosting of the Olympics will act as a trigger for breaking with a shrinking economy that has been hit by deflation for the past 15 years," a beaming Abe told a press conference after the International Olympic Committee picked Tokyo as the host city.

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