In a Q&A post on its website, the IOC said, "Japanese Prime Minister Shinzo Abe agreed that Japan will continue to cover the costs it would have done under the terms of the existing agreement for 2020."
Almost all sporting events in the world have come to a standstill due to the coronavirus pandemic with the Olympics also being postponed by a year.
Sridhar, however, said that the vaccine could be found earlier than what was expected.
The International Olympic Committee (IOC) has postponed the Games to summer 2021 in wake of the coronavirus outbreak which has claimed more than 1.4 lakh lives across the world so far.
Sreeshankar was at NIS-Patiala last month for the first leg of the Indian Grand Prix, a recognised event for Tokyo Olympics qualification, but it was cancelled just hours before it was to be held on the directives of the government.
The 34-year-old said cancelling the Olympics would have drained the athletes and wasted their efforts in training.
The meeting was attended by IOC Coordination Commission Chair John Coates and Olympic Games Executive Director Christophe Dubi, Tokyo 2020 President Yoshiro Mori and CEO Toshiro Muto
Indian shuttlers Ashwini Ponnappa and N Sikki Reddy have finally got some time to pause and reflect due to the COVID-19 pandemic.
Savita Punia believes it is important for the team to look at positives in order to stay motivated amid the COVID-19 crisis which the country is currently battling with.
Bhawana, who qualified for the Olympics in 20km race walk after pulling off a shock win at the National Championships in February, feels that the athletes are staring at an uncertain future due to the pandemic.
The Olympics, originally scheduled for July-August, has been postponed to next year in the wake of the fast-spreading COVID-19 pandemic.
Turkish runner Gamze Bulut, for example, will now have plenty of time to qualify for a games she likely would have missed had they gone ahead as scheduled.
The 30-year-old Irfan qualified for his second Olympics after finishing fourth in the 20 km race walk event in the Asian Race Walking Championship last year.
World Athletics on Tuesday suspended the qualification period for the Tokyo Games from April 6 to November 30, 2020, following consultation with its Athletes' Commission, continental association presidents and the Council.
According to the revised rules, the new qualification period deadline is June 29, 2021, and the final entries deadline is July 5, 2021. IFs could now redesign their own qualification processes that have been impacted by the ongoing COVID-19 pandemic.
Qualification starting dates for entry standards and world rankings remain unchanged with many athletes already qualified by meeting the entry standards during 2019.
Already on the wrong side of the 30s, Sushil was struggling to qualify for the Tokyo Games but the postponement of the quadrennial event has re-ignited his Olympic hopes.
The Badminton World Federation (BWF) said it was working with organisers in Spain's Huelva to find a new time slot, after the 2020 Olympics were postponed until 2021 due to the coronavirus pandemic
Chirag Shetty and Satwiksairaj Rankireddy is now hoping to avail the services of a new foreign coach in their Olympic preparation after sudden exit of Indonesian Flandy Limpele.
The Thailand federation had already withdrawn from the Tokyo Olympics voluntarily after nine of its weightlifters were caught for doping violations at the 2018 World Championships.
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