The organizing committee of the 2020 Tokyo Games has agreed on a ticket sale price of ¥2,020 ($18) to mark the year of the competition.
According to the committee's decision on Tuesday, the low-cost tickets, for preliminary-round events as well as for the opening and closing ceremonies, will be available for groups including children, senior citizens and people with disabilities, with the criteria for purchase to be decided at a later date.
Even cheaper tickets will be sold for Paralympic events as part of the organizers' efforts to make the games affordable.
At the 2012 London Olympics, £20.12 admission tickets were offered.
"We hope that a diverse audience enjoys the Olympics and fans generate a frenzied atmosphere in the stadium," said Sadahiko Kano, who heads the ticketing strategy panel.
The organizers will announce the basic outline of ticket prices on July 20, two days after gaining approval at the International Olympic Committee board of directors meeting.
Tickets are scheduled to go on sale in the spring of 2019.