Photo/IllutrationTokyo Governor Yuriko Koike promotes official merchandise of the 2020 Olympics and Paralympics in the capital on Jan. 11. (Shuhei Nomura)

Tokyo Governor Yuriko Koike and the Japanese organizing committee for the 2020 Olympic Games called a truce and teamed up to raise much-needed revenue to host the event.

The governor was on hand to help promote official goods of the 2020 Olympics and Paralympics that went on sale on Jan. 11.

The products included “furoshiki,” Japanese square-shaped wrapping cloth, featuring emblems of the Tokyo Olympics and Paralympics with “Tokyo some komon” dye patterns dating from the Edo Period (1603-1867).

Part of the proceeds from the official Olympic merchandise will be used as revenue for the organizing committee.

“Imposing burdens on each other will spoil expectations for the 2020 Tokyo Olympic and Paralympic Games,” Koike said. “I will support the organizing committee for the Games.”

Koike, elected in July, has ordered a review of venues for the Tokyo Olympics, citing the enormous costs for construction. This has caused a rift between the Tokyo metropolitan government and the organizing committee.

The governor expressed hope that everyone will cooperate to enhance financing for the 2020 event.

The metropolitan government, for example, intends to help with the organizing committee’s project to collect and reuse cellphone parts as material for making Olympic medals.

However, it is unclear how much revenue can be raised through these measures.

The furoshiki is priced at 11,000 yen ($94.80) while an official bag costs 5,300 yen. The total cost to host the Olympics is 1.6 trillion yen to 1.8 trillion yen, according to the organizing committee’s latest estimates.

The committee, whose revenue comes mainly through sponsorship fees and ticket sales, says it will bear 500 billion yen of the burden. It has asked the metropolitan government and the central government to cover the remainder through taxpayer money.

Koike, however, wants the committee to raise more money on its own and has called for further restraint in tax spending.