Tokyo 2020 Bid Boosted By Strong Finances

Tokyo’s bid to host the 2020 Olympics has received a boost after the Japanese capital city was ranked sixth out of 79 financial centres in the Global Finance Centres Index (GFCI) 2013.

Tokyo is reported to hava a GDP of $1.479 billion, which is larger than any urban centre in the world.

Tsunekazu Takeda, International Olympic Committee (IOC) member and President of the Japanese Olympic Committee and Tokyo 2020 said: “I am very pleased that Japan’s outstanding financial capabilities have been evaluated so highly by the Global Financial Centres Index. Tokyo’s massive financial base anchors the rock-solid foundation of our plan to host an amazing 2020 Olympic and Paralympic Games. Backed by a massive $4.5bn fund, we are ready to deliver”.