Tokyo, 19 April 2013 - Tokyo 2020's unmatched financial base received further acknowledgement this week when the International Monetary Fund's semi-annual World Economic Outlook report upwardly revised the organisation's economic forecasts for Japan, underscoring the city's impressive financial strength, one of the key underpinnings of Tokyo 2020's promise to deliver maximum quality and benefits in this challenging era for spot.
The 2013 growth forecast for Japan rose to 1.6%, up from a January estimate of 1.2%, and the report projects the Japanese economy to grow 1.4% in 2014, double the previous forecast of 0.7%.
The highly encouraging forecasts come on the heels of the Global Finance Centres Index 2013 released last month, which recognised the vast financial capabilities of Japan's capital by elevating Tokyo to sixth place among 79 financial centres, up one place from the previous ranking.
Mizuno, who also serves as the Japanese Olympic Committee (JOC) Vice President, said: "I am very pleased that Japan's outstanding financial capabilities have been recognised in the IMF's World Economic Outlook report. Backed by a massive $4.5 billion fund, Tokyo 2020's impressive financial base provides a rock-solid foundation for hosting an amazing 2020 Olympic and Paralympic Games."
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.
The IMF report can be viewed at www.imf.org/external/pubs/ft/weo/2013/01/pdf/text.pdf.
For more information contact: Masa Takaya - Communications Manager, Japanese Olympic Committee Acting nCommunications 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
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