Tokyo 2020 reacts to Japan's top rankings in the latest World Economic Forum Global Competitiveness Index.

Tokyo, 12 September 2012 - Tokyo 2020, Japan's bid to host the Olympic and Paralympic Games, welcomed the World Economic Forum's recently released Global Competitiveness Report. Japan ranked in the top ten world's most competitive countries/economies, and results highlighted a host of factors where Japan is placed number one, such as "Capacity for innovation" and "Degree of customer orientation."

The Global Competitiveness Report assesses the competitiveness landscape of 144 economies, providing insight into drivers of their productivity and prosperity. According to the World Economic Forum, the report is the most comprehensive assessment of national competitiveness worldwide.

Tsunekazu Takeda, IOC member and President of the Tokyo 2020 Bid Committee and the Japanese Olympic Committee (JOC), commented: "I am very pleased to see that Japan's excellent and consistent performance in a variety of areas are honoured in the World Economic Forum's Global Competitiveness Report."

Notably, the latest Report highlights Japan's 'major competitive edge in business sophistication and innovation.' Japan ranks first worldwide in 'Capacity for innovation.'

"Innovation is embedded in our plans for hosting the Olympic and Paralympic Games in 2020, so we are happy to see a third-party as reputable as the World Economic Forum herald Japan's capabilities. Visitors to Tokyo today see innovation at its best, and in 2020 innovation will continue to come alive," Takeda said.

Japan also earned the top ranking for 'Degree of Customer Orientation' demonstrating that the Japanese people always do their best to provide first rate and distinctive services to visitors.

Japan is one of just three Asian economies/countries to figure in the top ten in the 2012-2013 report.

"The Global Competitiveness Report results clearly support the Bid's commitment to deliver a dynamic and spectacular celebration for the 2020 Olympic and Paralympic Games. We will deliver a world-class experience to visitors from one of the world's most forward-thinking cities in the world," Takeda said.

The Global Competitiveness Index is the key ingredient of The Global Competitiveness Report (GCR) which is a comprehensive assessment of countries' economic competitiveness, produced by the Global Competitiveness Network (GCN) of the World Economic Forum (WEF). For the full Global Competitiveness Report 2012 - 2013, please visit: http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2012-13.pdf

For more information contact: pressoffice@tokyo2020.jp

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