Corporate Japan is an active promoter of sports and is completely behind the effort to secure the 2020 Olympic Games for Tokyo, Toyota Motor Corp. Honorary Chairman Fujio Cho said Wednesday.

"Many Japanese companies deeply understand the importance of sports," Cho, who holds many posts outside Toyota, including president of the Japan Sports Association, said at a Tokyo hotel in an event organized by the American Chamber of Commerce in Japan.

"If it is decided that the 2020 Games will be held in Japan, many companies would actively pursue sponsorship, leading not only to the success of those games but also to tremendous promotion of sports in Japan and the entire world."