Japanese Olympic officials expect to know within weeks if Tokyo will bid for the 2020 Summer Olympics.

"We expect a decision will be in late June or early July," Japan Olympic Committee president Tsunekazu Takeda told The Associated Press. "Tokyo had a great plan for 2016, and has excellent financing."

Takeda said a bid by Tokyo for the 2020 Summer Olympics could go a long way in helping Japan rebuild from the devastating earthquake and tsunami in March.