(REUTERS) - Japan will host the Asian Games for the third time in 2026, after Aichi prefecture and its capital Nagoya were confirmed as the venue for the 21st edition of the multi-sport event by the Olympic Council of Asia (OCA) on Sunday (Sept 25).

The Japanese bid was the only one put forward to host the continental gathering, which will be staged in Jakarta and Palembang, Indonesia in 2018 and the Chinese city of Hangzhou in 2022.

Japan, hosts of the 2017 Asian Winter Games, 2019 Rugby World Cup and 2020 Summer Olympics, also staged the Asian Games in Tokyo in 1958 and Hiroshima in 1994.

The bid only received the green light from the Japanese Olympic Committee (JOC) earlier this month after the provision detailed cost estimates.

Total costs are estimated to reach roughly 85 billion yen (S$1.14 billion), out of which 25 billion yen is expected to be covered by sponsorship and other revenue.

Aichi prefecture is expected to cover two-thirds of the remainder, with Nagoya pitching in the rest.