Tokyo 2020 Lauds Tokyo’s Rise in Global Finance Centres Index

Tokyo, 2 April 2013 - Tokyo 2020 praised the city of Tokyo’s strong showing in recently released Global Finance Centres Index (GFCI) 2013, which elevated Japan’s capital to sixth place among 79 financial centres, up one rank from the previous ranking.

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, IOC member and President of both the Japanese Olympic Committee (JOC) 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.”

As the financial hub of the world’s third-largest economy, Tokyo has a GDP amounting to 1,479 billion US dollars, larger than any urban centre on the globe and nearly big enough to rank among the world’s top 10 national economies.

First published in March 2007 and subsequently upgraded every six months, the Z/Yen Group-run GFCI report can be viewed at:
http://www.zyen.com/images/GFCI_25March2013.pdf

Global Finance Centres Index 2013 ranking:

1.London
2.New York
3.Hong Kong
4.Singapore
5.Zurich
6.Tokyo
7.Geneva
8.Boston
9.Seoul
10.Frankfurt
11.Chicago
12.Toronto
13.San Francisco
14.Washington D.C.
15.Vancouver
16.Montreal
17.Calgary
18.Luxembourg
19.Sydney
20.Vienna

For further inquiries

Masa Takaya - Communications Manager, Japanese Olympic Committee Acting Communications Director, Tokyo 2020 Bid Committee
Phone: +81 3 6279 0049 Mobile: +81 80 1355 9110  Email: m-takaya@joc.or.jp

Hisao Shuto - Director of International Communications, Tokyo 2020 Bid Committee
Email: hisao.shuto@tokyo2020.jp