Tokyo 2020 Organizing Committee CEO Toshiro Muto speaks during a press conference as the new dates for Tokyo Olympic Games announced in front of the JR Tokyo Station in Tokyo, Japan, March 30, 2020. (Photo: VCG)

Eighty-percent of all competition venues for next year's Tokyo Olympic Games have already been secured, announced the Tokyo 2020 CEO Toshiro Muto during a news conference after an executive board meeting on Friday.

The Tokyo 2020 Olympic and Paralympic Organizing Committee organizers held the news conference on Friday to brief the latest progress in regards to the postponed Tokyo Games and address relevant questions.

"Eighty-percent of all competition facilities for the Games have been secured, and the remaining 20 percent are still in negotiations," said Muto.

Muto also mentioned the costs of the postponement, which he said the Tokyo Organizing Committee is not at the stage to provide a precise estimate.

On Wednesday, the Tokyo 2020 Organizing Committee said the Games to be held next summer are going to be "simplified".

According to Muto, up to 200 simplification proposals have been drafted by the Tokyo 2020 Organizing Committee together with the International Olympic Committee (IOC), and both organizations are in the process of narrowing down the list to items only feasible.

At the same time, Muto mentioned that specific measures against COVID-19 to ensure the safety of the Games would be released around fall this year.