The games will still be called Tokyo 2020, despite no longer being held this year due to the coronavirus pandemic.
IOC president Thomas Bach said: “I am confident that, working together with the Tokyo 2020 Organising Committee, the Tokyo Metropolitan Government, the Japanese Government and all our stakeholders, we can master this unprecedented challenge.
“Humankind currently finds itself in a dark tunnel. These Olympic Games Tokyo 2020 can be a light at the end of this tunnel.”
Take a look back at some of the incredible photographs from summer Olympic Games in the last 20 years:
The Russian Federation’s Alina Kabaeva jumps during a gymnastic gala at the Sydney 2000 Olympic Games September 26. The gala closed the competition of artistic gymnastics.
Members of Spain’s synchronised swimming team attend practice at the National Aquatics Centre, also known as the Water Cube, ahead of the Beijing 2008 Olympic Games August 7, 2008. Picture taken with a fisheye lens underwater. Picture taken with underwater camera. REUTERS/Wolfgang Rattay (CHINA)
Deng Linlin of China competes in the women’s qualification balance beam during the artistic gymnastics competition at the Beijing 2008 Olympic Games August 10, 2008. REUTERS/Hans Deryk (CHINA)
Michael Phelps and Garrett Weber-Gale celebrate after the U.S. won the men’s 4x100m freestyle relay swimming final at the National Aquatics Center during the Beijing 2008 Olympic Games August 11, 2008. REUTERS/David Gray (CHINA)
Britain’s Mo Farah reacts as he wins the men’s 5000m final at the London 2012 Olympic Games at the Olympic Stadium August 11, 2012. REUTERS/Lucy Nicholson
Russia (L) takes on Germany to win the gold medal in the women’s team Epee at the 2004 Olympic Games in Athens August 20, 2004. REUTERS/Kieran Doherty Pictures of the Year 2004
Belarus’ Yuliya Nesterenko runs on her way to winning gold in the women’s 100 metres final at the Athens 2004 Olympic Games August 21, 2004. Nesterenko won the race with a time of 10.93 seconds. REUTERS/Shaun Best
Australia’s Ian Thorpe celebrates after winning the gold medal in the men’s 200 meters freestyle at the Athens Olympic Games August 16, 2004. REUTERS/David Gray
British Olympic sailor Ben Ainslie carries the Olympic torch on the first leg of its Britain, Northern Ireland and Ireland tour at Lands End in Cornwall, southwest England May 19, 2012. REUTERS/Toby Melville
A performer playing the role of Britain’s Queen Elizabeth parachutes from a helicopter during the opening ceremony of the London 2012 Olympic Games at the Olympic Stadium July 27, 2012. REUTERS/Fabrizio Bensch
Gabrielle Douglas of the U.S. competes in the balance beam during the women’s individual all-around gymnastics final in the North Greenwich Arena during the London 2012 Olympic Games August 2, 2012. REUTERS/Dylan Martinez
Australia’s Lauren Jackson (15) shoots over China’s Xiaoyun Song (5) in the women’s quarterfinal basketball match at the Basketball Arena in London during the London 2012 Olympic Games August 7, 2012. REUTERS/Mike Segar
Bulgaria’s Silviya Miteva competes using the ball in the individual all-around rhythmic gymnastics final at Wembley Arena during the London 2012 Olympic Games August 11, 2012. REUTERS/Marcelo Del Pozo
Hungary’s Andras Parti reacts as he falls during the men’s cross-country mountain bike event at Hadleigh Farm during the London 2012 Olympic Games August 12, 2012. REUTERS/Stefano Rellandini
The full moon rises through the Olympic Rings hanging beneath Tower Bridge during the London 2012 Olympic Games August 3, 2012. REUTERS/Luke MacGregor
Italy’s Giulia Lapi and Mariangela Perrupato are seen underwater as they perform in the synchronised swimming duets technical routine qualification round during the London 2012 Olympic Games at the Aquatics Centre August 5, 2012. REUTERS/Tim Wimborne
Britain’s Andy Murray celebrates after defeating Switzerland’s Roger Federer in the men’s singles tennis gold medal match at the All England Lawn Tennis Club during the London 2012 Olympic Games August 5, 2012. REUTERS/Stefan Wermuth
China’s Ruixue Jing (L) fights with North Korea’s Un Gyong Choe on the Women’s 63Kg Greco-Roman wrestling at the ExCel venue during the London 2012 Olympic Games August 8, 2012. REUTERS/Toru Hanai
Performers pose after the end of closing ceremony of the London 2012 Olympic Games at the Olympic stadium August 12, 2012. REUTERS/Kai Pfaffenbach
Usain Bolt (JAM) of Jamaica looks at Andre De Grasse (CAN) of Canada as they compete in the 2016 Rio Olympics, Men’s 100m Semifinals at the Olympic Stadium in Rio de Janeiro, Brazil, August 14, 2016. Picture taken August 14, 2016. REUTERS/Kai Pfaffenbach