The head of the World Economic Forum said Wednesday that the organizer of the Davos Forum plans to hold East Asia's annual regional economic summit in Tokyo in 2005 or 2006, according to Japanese officials.

Klaus Schwab, president of the Foundation Board of the WEF, announced the plan in a meeting with Foreign Minister Yoriko Kawaguchi, they said.

Schwab was quoted as telling Kawaguchi that hosting the meeting will help Japan's efforts to double the number of foreign tourists in five years. Kawaguchi welcomed the idea, the officials said.

This year's East Asia Economic Summit will be held in Singapore in October.

Top government officials and business leaders attend the summit to discuss a wide range of economic issues.