UK-based Zaha Hadid Architects' futuristic design for the showpiece venue of the 2020 Games was selected in an international competition in 2012, but the project was scrapped after the estimated cost ballooned to over $2 billion (1.28 billion pounds), nearly twice the original figure.
The architects said they had been unable to secure a construction company in their consortium and were unable to enter the new design competition.
"It is disappointing that the two years of work and investment in the existing design for a new National Stadium for Japan cannot be further developed to meet the new brief through the new design competition," ZHA said in a statement on Friday.
(Reporting by Ian Ransom in Melbourne; Editing by Amlan Chakraborty)
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