A leading global business and economic forum for women will come to Tokyo for the first time next year, founder Irene Natividad announced Wednesday, saying she hopes the event will empower women in Japan.

The annual Global Summit of Women, organized by Washington-based nonprofit organization Globe Women, is scheduled for May 11 to 13 in Tokyo, bringing together female leaders from the private and public sectors to discuss ways to increase women's economic opportunities.

Often referred to as the women's version of the World Economic Forum, an annual gathering of business and government leaders in Davos, Switzerland, the gathering draws around 1,000 participants from 80 countries. It has been held since 1990.