Tokyo were awarded the 2020 Olympic games on Saturday during the 125th IOC session in Buenos Aires Argentina.
Tokyo were in a three-way race with Istanbul and Madrid, who were eliminated in the first round.
The Spanish capital and Istanbul were tied in the original ballot, with Madrid then losing out on a second decisive vote by 49-45.
It is the third time in a row Madrid have failed in their bid to host the games after also losing out to London 2012, and then again to Rio de Janeiro in the 2016 vote.
Tokyo then held off Istanbul in the final head-to-head to win the right to stage their second summer games after 1964.
They won by 60 votes to Istanbul’s 36.
It was Istanbul’s fifth failed bid overall.
Tokyo join the elite club of two-time hosts along with Athens who staged the first modern Olympic Games in 1896 and more recently in 2004, Paris the 1900 and 1924 hosts and Los Angeles who staged the world’s biggest sporting extravaganza in 1932 and 1984.
Despite concerns over leaks of highly radioactive water at the Fukushima nuclear power plant, Tokyo always seemed to have a slight advantage going into the final days of the 2020 race.
The Japanese capital, planning its biggest housing complex in 42 years to welcome athletes, announced in February 2012 that the National Olympic Stadium would undergo a full-scale reconstruction for the 2019 Rugby World Cup as well as the 2020 Olympics.
Earlier this summer, Tokyo received the most praise in a technical assessment made by the International Olympic Committee (of the three cities bidding for the Games). While the report touched on the financial crisis in Spain, Tokyo was described as a modern and dynamic city boasting the most efficient public transport systems in the world.