IOC urges Tokyo to set budget soon to cut costs further

A woman walks past host city logos of the Tokyo 2020 Bid Committee at Tokyo Metropolitan Government Building in Tokyo September 8, 2013. REUTERS/Yuya Shino

TOKYO (Reuters) - The International Olympic Committee (IOC) has called on Tokyo to show a sense of urgency about finalising its budget for the 2020 Summer Games, noting that costs will continue to increase the longer it takes

At an open meeting for a four-party working group that includes the IOC on Tuesday, Tokyo 2020 organisers vowed to keep costs below $20 billion but the Olympic authority felt even that amount was too high.