A winner will be chosen later this month, the Japan Sports Council said in a statement.
"(The winning design) will be selected by the end of December after further examination by a committee consisting of architectural experts and ministers," said Council president Kazumi Daito.
"We want to create a stadium that can be loved by everyone in the world."
In July, Prime Minister Shinzo Abe announced that the Government was ditching Iraqi-British architect Zaha Hadid's "bike helmet" stadium design, which had been projected to cost 150 billion yen ($2.02 billion).
