Fuji International Speedway and Formula One Administration have announced that Fuji Speedway will host the Japanese Grand Prix again in 2008, and from 2009 on, Suzuka Circuit and Fuji Speedway will alternate and host the Japanese Grad Prix every other year.

The process started with FOA suggesting to Fuji Speedway that hosting the Japanese Grand Prix at Fuji Speedway in the east of Japan and Suzuka Circuit in the west of Japan every alternating year would be a good strategy not only welcomed by Japanese fans, but fans all over the world as well.

As a result of an extensive review of the matter, Fuji Speedway accepted FOA's proposal on basis that it coincides with Fuji Speedway's goal to further expand the horizon of F1, continue in helping promote the advancement of Japan's motor sport scene, and uphold the trend of one country hosting one grand prix a year.

"We have concluded an agreement on the alternation of the Japanese Grand Prix between Fuji Speedway and Suzuka circuit," said Ecclestone, "to ensure the progress and success of keeping Formula One in Japan over the long term.

"I appreciate that Fuji Speedway accepted this," he added, "and am very happy that Fuji Speedway and Suzuka circuit made this possible. It also makes me very pleased that we will return to Suzuka as it has supported Formula One for 20 years and the large amount of our fans."