The Japanese Formula One Grand Prix will alternate between Suzuka and Fuji Speedway racetracks from 2009.
The Fuji circuit sits at the foot of Japan's tallest mountain, Mount Fuji
The Toyota-run Fuji Speedway is due to stage the race both this year and next before the Honda-owned Suzuka track take its turn again in 2009.
F1 supremo Bernie Ecclestone said: "I'm very happy Fuji Speedway and Suzuka Circuit made this possible."
Fuji hosted the first Japanese Grand Prix in 1976 but the race was axed from the F1 calendar after 1977.
F1 returned to Japan in 1987, with Suzuka hosting every Grand Prix until this year and establishing itself as a firm favourite with the drivers.
This year's Japanese Grand Prix takes place at Fuji Speedway on 30 September.
Meanwhile, F1 teams have agreed to tweak qualifying next season in a move that will rid the sport of one of its more environmentally-unfriendly practices.
"The sporting working group met on Wednesday here in Monza and among the items on the agenda was a proposal which just slightly modified the qualifying procedure," said Renault head of engineering Pat Symonds.
"But in so doing it got rid of the fuel burning laps. The way it did it was to have a more limited time in Q3, in the final part of qualifying.
"That achieved a majority vote in favour of it and therefore it will go to the World Council in their October meeting for application next year."
Qualifying is divided into three parts, with the six slowest drivers dropping out in each of the first two before the final 10 drivers enter a 15-minute final showdown for pole position.
The fuel burning arises because drivers want their cars as light as possible for the final minutes of qualifying.
But they also need enough fuel in the car to go 20 or more laps at the start of the race.