Mindful of the boom created by the 1964 Tokyo Olympics, the Tokyo Metropolitan Government on Friday submitted to the Japan Olympic Committee its candidacy to host the 2016 Games.

Tokyo will compete with Fukuoka to become Japan's candidate to host the Summer Olympics -- both will submit final plans and budgets by June 30.

The winner, which will be decided by the end of August, is expected to then compete with strong rivals, including New York, Chicago , Rio de Janeiro and Madrid.