Abe put the suggestion to Bach, who agreed that the newest date the Olympics might be held is summer season 2021.

It was additionally introduced that the occasion will nonetheless be dubbed Tokyo 2020 Olympics regardless of the postponement.

“The IOC president and the Prime Minister of Japan have concluded that the Video games … should be rescheduled to a date past 2020 however not later than summer season 2021, to safeguard the well being of the athletes, all people concerned within the Olympic Video games and the worldwide group,” stated a press release from the IOC and Tokyo 2020 organizing committee.

“The leaders agreed that the Olympic Video games in Tokyo might stand as a beacon of hope to the world throughout these troubled occasions and that the Olympic flame might turn into the sunshine on the finish of the tunnel by which the world finds itself at current.

“Due to this fact, it was agreed that the Olympic flame will keep in Japan.”

The IOC has been going through mounting stress to delay the Video games, which have been initially scheduled to happen from July 24 to August 9, amid the novel coronavirus outbreak.

The Olympics have by no means been rescheduled in peacetime. In 1916, 1940 and 1944, the Video games have been canceled due to world wars.

On March 17, Japan’s Olympic minister Seiko Hashimoto stated the nation was planning for a “full” internet hosting of the Video games, which she went on to elucidate meant an Olympics which “began on time and with spectators in attendance.”

Then late final week, the IOC said that it was considering a number of different options together with a postponement or modifying the Video games so they might nonetheless happen as scheduled in July.

There was rising opposition to internet hosting the Video games as deliberate as nations try to unfold the restrict of the coronavirus, which has contaminated greater than 381,000 individuals globally.

Australia and Canada each introduced they’d not be sending athletes to Tokyo this yr, and — together with the likes of USA, Germany and Poland — referred to as for the Video games to be postponed till 2021.

Sporting our bodies, together with USA Monitor and Area and USA Swimming, additionally referred to as for a postponement.

In the meantime, athletes who’ve been unable to coach because of closed services and restricted entry to coaches and coaching companions have additionally voiced opposition to the Video games continuing as deliberate.

Sporting occasions throughout the globe have been suspended amid the virus, with Euro 2020 being moved to subsequent yr.

The monetary implications of suspending the Olympics may very well be big.

The price of internet hosting, organizers stated in December, was some 1.35 trillion yen ($12.35 billion) however, based on Reuters, that determine didn’t embody the price of shifting the marathon and strolling occasions from Tokyo to Sapporo to keep away from the summer season warmth.

Sponsors, insurers and broadcasters have additionally dedicated billions to the Video games.

Some specialists consider the more true sum is more likely to be $25 billion, a overwhelming majority of which has already been spent on large-scale infrastructure initiatives reminiscent of transportation networks, resorts and new venues.

CNN’s Aimee Lewis, Aleks Klosok, Kaori Enjoji and Yoko Wakatsuki contributed to this report

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