Economy3
In the past convention, construction booms, such as an infrastructure building, happened in the host country, and there was a tendency for the demand of related consumer goods including television to also rise. However, Mr. Tadashi Matsukawa of pineapple bridge investment, the bond dealing division manager, analyzes the overstock from reaction of a boom, the fiscal deterioration as a result of an infrastructure building, etc. as the bad influence to economy being remarkable rather after an end.
The Los Angeles convention in 1932 was in the midst of the U.S. Great Depression, and security depression happened after the Tokyo convention for 64 years. A monetary crisis happens in Japan, and after the Nagano winter convention for 98 years continues with Chinese economy damping after the Greek crisis after the Athens convention for 04 years, and an 08-year Beijing convention, when fresh in memory. Moreover, an Olympic year is in agreement also with a U.S. Presidential Election. He is Mr. Matsukawa if not forcible this time, although two events called a presidential election overlap with the Olympic Games and the political power in which business is improved towards it should work.
The economy of each country is [ in Europe ] vulnerable at debt crisis. Although it must correspond to "the financial cliff" to be come the first next year in the U.S., an economic policy is not likely to move forward in a congressional twist phenomenon, but a market is likely to become likely to take it in advance from before a presidential election. If a Japanese market is seen, for the Olympics holding year of the three latest, a strong yen progressed after the end, a debenture was bought, there is a tendency for risk assets to be sold and the conditions which follow it this time also are ready. Moreover, Mr. Matsukawa indicates "If Japan plays an active part in a sport, bad news will happen to a wonder and domestic economy" not only in the Olympic Games. However, when Japan wins the medal beyond expectation in the London Olympic Games, there is also a view that the effect of plus is expectable. If the past Olympic Games holding and the relation of domestic economy are investigated, as for after the year which won many gold medals, business extension continues for a while in many cases. The Sumitomo Mitsui Asset Management director and a chief economist, Mr. house Shokichi Mori, say, "If more than ten gold medals are won even in London, a domestic mind may change a lot."