Wednesday, 8th July 2009
In Japan Sports News,
Japan F1 future 'in doubt'
Formula 1 racing in Japan faces an uncertain future as the recession has caused the possible cancellation of next year's event.
Toyota, which owns the Fuji Speedway, said that it needs to reduce its outgoing and cited the recession as a reason for its decision not to host the race in 2010.
In a statement, Fuji Speedway spoke of how "extremely difficult" it would be to host the Formula 1 Grand Prix race in the current economic slowdown.
The circuit's president Hiroaki Kato said that it is "heart wrenching" that it cannot hold the race.
At present, it is not known whether an alternative host will be found for next year's event.
The Fuji Speedway has the capacity to hold test drives and outdoor concerts.
It can also serve as a location for filming television programmes and films.
The speedway reopened in 2005 and describes itself as a "world class circuit".
Written by Mike Cotgreave