Olympic officials decided to hold the 2020 games in Japan, and the nation's ability to weather the latest global economic crisis was certainly a factor.
Yesterday, the Nikkei registered a significant gain on the announcement. It is not unusual for a country's stock market to surge when receiving news that the Olympic games will be held there.
Prime Minister Abe has done a remarkable job leading Japan's economy. It has avoided stagnation and shown positive growth. Recently its growth predictions were upped from 2.6% to 3.8%.
Growth in Japan has been propelled by internal consumption and investment (the opposite is happening in Spain) thanks to a fortunate economic boom that seems here to stay.