STOCKHOLM - The 2012 Nobel Literature Prize will be announced at 1100 GMT on Thursday, organizers said, with Japanese novelist Haruki Murakami the bookmakers' favorite to win the 8 million crown ($1.2 million) award.

Other hotly-tipped names include Bob Dylan, Chinese writer Mo Yan and reclusive US novelist Thomas Pynchon.

Swedish poet Tomas Transtromer won last year, pleasing many in the prize's homeland which had not celebrated a winner since Eyvind Johnson and Harry Martinson took home the prize in 1974.

Past winners include US writer William Faulkner, France's Albert Camus and Colombia's Gabriel Garcia Marquez. The last Japanese writer to win the prize was Kenzaburo Oe in 1994.

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