Tokyo's Financial Strength Boosts 2020 Olympic Bid

The recently released Global Finance Centres Index (GFCI) 2013 has elevated Tokyo to sixth place among 79 financial centres, up one rank from the previous ranking, boosting Tokyo’s bid for the 2020 Summer Olympic Games.

Tokyo 2020 says the results underscore Tokyo’s impressive financial strength, one of the key underpinnings of its promise to deliver a world-class experience during the Tokyo 2020 Games.

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”.

Tokyo reportedly has a GDP amounting to $1.479 billion (U.S.), larger than any urban centre on the globe and nearly large enough to rank among the world’s top 10 national economies.