 Good afternoon everyone, here in the room and also a warm welcome to everybody on our live stream on the webcast in the media center and globally. Very happy to have you join us for this exciting announcement on an event in the coming year with the World Economic Forum and Japan. I will leave the details of this announcement to the gentlemen to my left, but I have the great honor to announce them to you. We are joined today by Hakobun Shimomura, the Minister of Education, Culture, Sports, Science and Technology and even more important for us today, the Minister of Olympics and Paralympic Games of Japan. And to my immediate left is David Aikman, managing director of the World Economic Forum and head of our new champion communities. So without further ado and mindful of all of your tight schedules, I'm handing over to David. David, please. Thank you Georg. Ladies and gentlemen, the world is at a crossroads. Either we go down the path of popular antagonism and division or we pursue the path of greater understanding and coming together as a society around shared values. Nowhere is this more evident in sport and culture, where the world comes together and the cultural and sports performances that we see unite humanity. For some months at our various meetings, we have been discussing how we could bring the world together, particularly the youth of the world with the Minister Shimomura of Japan, looking at how we might take advantage of the coming Olympiad and see what we could do to contribute to those fundamental human values expressed in the Olympic Games. I'm very excited to ask the Minister to share with us an important announcement. Minister. I'm going to speak in Japanese. We have just signed with Professor Shueff, Chairman of the World Economic Forum, about this. It's actually not the official name, but World Forum on Sports and Culture. So about the content, let me explain to you. I'm going to speak in Japanese. I'm going to speak in Japanese. Mr. Hakubun Shimomura, Minister of Education, Culture, Sports, Science and Technology, said that the following concerning the World Forum on Sports and Culture in Japan. Mr. Hakubun Shimomura, Minister of Education, Culture, Sports, Science and Technology in Japan has started discussion with business entities and local governments in order to jointly commence preparation toward holding World Forum on Sports and Culture in Japan in cooperation with the World Economic Forum in fall 2016. Soon after the 2016 Olympic and Paralympic Games in Rio de Janeiro. Minister Shimomura would like to establish an effective organization for the preparation of the World Forum on Sports and Culture in Japan, which is a tentative name, which will be read mainly by the Japanese government. Mr. Hakubun Shimomura, Minister of Education, Culture, Sports, Science and Technology in Japan has expressed his support for the World Economic Forum. Mr. Hakubun Shimomura, Minister of Education, Culture, Sports, Science and Technology in Japan has expressed his support for the World Economic Forum in fall 2016. Mr. Hakubun Shimomura, Minister of Education, Culture, Sports, Science and Technology in Japan has expressed his support for the World Economic Forum in fall 2016. Mr. Hakubun Shimomura, Minister of Education, Culture, Sports, Science and Technology in Japan has expressed his support for the World Economic Forum in fall 2016. Minister of Education, Culture, Sports, Science and Technology in Japan has expressed his support for the World Economic Forum in fall 2016. Mr. Hakubun Shimomura, Minister of Education, Culture, Sports, Science and Technology in Japan has expressed his support for the World Economic Forum in fall 2016. Therefore, the Japanese side intends to carry on further discussions with the the World Economic Forum concerning details of the cooperation with the World Economic Forum soon in order to outline the details regarding the event. We have just signed agreement shortly before this news conference, so the Japan side would like to start discussing the details with the World Economic Forum by the end of March. That is my statement. Thank you, Minister. I think from the World Economic Forum side, and I'm responsible for the youth member communities of the World Economic Forum, the young global leaders and the global shapers, they're very excited to come together and combine efforts for this event, which can really bring together cultural leaders, sport leaders, and the youth of the world to look at shared human values and the contribution that can make to society. Thank you, David, and thank you, Minister Shimomura. We will now open the floor for a couple of questions for the benefit of our online audience if you could state your name and your organization, and there's a microphone to be had. So are there any questions? Okay, I think everything has been clear to this point. Thank you very much. Thank you very much for joining in, and let me close by saying again how honored the World Economic Forum is to work with Japan towards this goal. Thank you very much. Thank you.