(CNN) -- Spain's Jorge Lorenzo has moved to the top of the standings after winning the Japan MotoGP at Twin Ring Motegi.
Lorenzo managed to hold off Rossi and Pedrosa for a thrilling Japan MotoGP victory.
Lorenzo took the chequered flag on his Fiat Yamaha 1.304 seconds ahead of team-mate Valentino Rossi, with Dani Pedrosa third.
Casey Stoner finished fourth on his Ducati Marlboro with Pedrosa's team-mate Andrea Dovizioso fifth.
Lorenzo started on the front row alongside Stoner and pole-sitter Rossi after Saturday's qualifying session was cancelled due to heavy rain.
Rossi led for the opening third of the 24-lap race before Lorenzo passed the Italian. He could not, however, establish a comfortable gap over the duelling Rossi and Pedrosa and eventually came home just over a second ahead of the pair.
Pedrosa had stormed up the field from the fourth row of the grid and was involved in a thrilling battle with Rossi before having to settle for third, just over two seconds behind the Italian.
Lorenzo now leads the standings on 41 points, one ahead of Rossi and three in front of Stoner.
Rossi believes Lorenzo's victory is an indication that 2009 will prove to be a dramatic and exciting season. "I think that this championship will be very interesting because we have four riders capable of trying to win the title," he told reporters.
"I'm happy, because it was a great race. We had four riders fighting for the victory, a lot of overtaking, and I think that everyone enjoyed the race."