Mar.9 (GMM) Suzuka will continue to host the Japanese grand prix beyond this Ocrober's race.

Last October, the boss of the Honda-owned Mobilityland company admitted that its formula one race at Suzuka is "only marginally profitable".

Honda pulled its team out of F1 at the end of 2008, while Toyota and Bridgestone have also left the sport, as has the other Japanese venue Fuji.

But the Japan Times and the Kyodo news agency both reported on Tuesday that the grand prix will take place in 2012 after a new agreement was reached between Mobilityland and F1 authorities.

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