 Sir Sebastian Coe IslandStats.com
The International Olympic Committee (IOC) has faced increased calls for the Games to be postponed, amid uncertainty caused by the coronavirus pandemic.
The coronavirus has had a considerable impact on the sporting calendar, with numerous qualification events for the Olympic Games either being postponed or cancelled.
Concerns have been raised over athletes being unable to train for the Games, as several countries have been locked down by Governments to curb the spread of the virus.
Coe, who served as chair of the London 2012 Olympic Games, acknowledged it was reasonable for everyone to want clarity with Tokyo 2020.
Speaking to BBC Radio 4’s Today Programme, he stressed that a decision did not have to be made immediately with the Games still four months away.
"Let's not make a precipitous decision when we don't have to four months out," said Coe, who is a member of the Tokyo 2020 Coordination Commission.
"If you had to ease that date, you'd have to ease it.
"Anything is possible at the moment.
"The temperature in the room with the IOC is nobody is saying we're going to the Games come what may.
"It may be over the course of changing events, we may have to be confronted with at some point."
Coe stressed that sporting organisations had to be wary around making early decisions on events, highlighting how only the opening three Diamond League events on World Athletics' calendar had been postponed.
He said this was an attempt to keep the season intact as far as possible for athletes, in an effort to not unnecessarily remove their earning potential.
When pressed on whether the dates of the Games could be changed, Coe suggested it may be possible to "ease" them.
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