SEOUL -- South Korean President Moon Jae-in decided not to travel to Tokyo this week for the Olympics, the presidential Blue House announced Monday, withdrawing an initial plan to hold a summit with Japanese Prime Minister Yoshihide Suga.

The Blue House said Moon decided not to go to Japan as talks between Seoul and Tokyo over holding a summit collapsed.

"We decided like this because we could not have enough accomplishments for the summit, although the meetings were held in friendly atmosphere and we narrowed our gaps considerably," Park Su-hyun, senior communications secretary to Moon, said in a statement.

Park wished that Japan hosts the Olympics safely and successfully, saying the Tokyo Olympics is a peaceful festival of people in the world.