The Argentinians will be hoping for some better luck on home soil having not landed any senior silverware since a home Copa triumph in 1993. Brazil won the last two editions in 2004 and 2007. Argentina and Uruguay have won a record 14 editions ahead of eight for Brazil.
The top two in each group and the two best-placed third teams will go forward to the quarter-finals. The tournament starts on 3 July and the Monumental stadium at Buenos Aires will host the final three weeks later.
Argentina coach Sergio Batista, having taken over from Diego Maradona after a 2010 FIFA World Cup thrashing at the hands of Germany, said on hearing the draw: "We will do everything we can to win the Copa America - it's been a while since Argentina won anything and so it's an important tournament for us."
He added: "All the teams are tough - including Japan, who have come on a great deal as they showed at the last World Cup. Playing in Argentina is extra pressure on us but we have to prepare ourselves to go out and win it."