TOKYO Nov 29 The International Olympic Committee on Tuesday called on Tokyo to keep costs for the next Summer Olympics below $20 billion as the 2020 hosts grapple with ballooning expenses.
IOC Vice President John Coates made the comment at a news conference after a meeting of a working group comprising Tokyo, the national government, Tokyo 2020 organisers and the IOC. ($1 = 111.9900 yen) (Reporting by Elaine Lies; Editing by Chris Gallagher)
* Sponsors bring in $1 billion for IOC per quadrennium (Updates with details, quotes, background)
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