Japan is facing billions of dollars in reconstruction costs, but they are also thinking about making a bid to host the 2020 Olympic games. The Japanese Olympic Committee thinks that hosting the games will have a healing effect on the country. Certainly, South Korea hosting the 1988 Olympic games did wonders for their economy and their national pride. The world probably would give it to them thinking it would help them recover from the devastation. The last time Japan hosted the Summer games was in 1964.
Past countries to host the summer games, from Wikipedia: