Japan’s Prime Minister Shinzo Abe said the summer Olympics, set for Tokyo, will be postponed after reaching an agreement with the International Olympic Committee.

“The leaders agreed that the Olympic Games in Tokyo could stand as a beacon of hope to the world during these troubled times and that the Olympic flame could become the light at the end of the tunnel in which the world finds itself at present,” the Olympic Committee said in a statement. “Therefore, it was agreed that the Olympic flame will stay in Japan. It was also agreed that the Games will keep the name Olympic and Paralympic Games Tokyo 2020.”