Japanese Olympic Committee
On September 7, 2011, the Japanese Olympic Committee announced that Tokyo Governor Shintaro Ishihara will be Chairman of the Tokyo 2020 bid committee. The bid committee held their first meeting shortly after. Towards the end of November 2011 the Tokyo 2020 Council was established. It is an advisory board comprises 64 members including Prime Minister Yoshihiko Noda who is the top advisor on the council. Tokyo 2020 revealed their bid logo on November 30, 2011. Tokyo's 2020 bid would have a budget of $75 million, which is half the amount of their previous 2016 bid, which had a $150 million budget. The President of the Japanese Olympic Committee, Tsunekazu Takeda, stated in April 2012 that hosting the games could generate $2 billion for Tokyo.