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Osaka, Japan News About Osaka, Japan The gross city product of Osaka for fiscal year 2004 was ¥21.3 trillion, an increase of 1.2% over the previous year. This amount is about 55% of the Osaka Prefecture and 26.5% of the Kinki region. As of 2004, commerce, services and manufacturing have been the three major industries with a respective share of 30%, 26% and 11% of total industry. The per capita income was about ¥3.3 million, 10% higher than that of the Osaka Prefecture. MasterCard Worldwide reported Osaka is 19th ranking city of the world's leading global cities and the instrumental role in driving the global economy. The GDP in the greater Osaka area (Osaka and Kobe) is $341 billion. Osaka has one of the most productive hinterlands in the world, making it a match even for Paris and London. This GDP has kept fairly constant for the past 15 years, when the GDP compared to other cities worldwide was that much larger. Historically, Osaka was the center of Japanese commerce, especially in the middle and pre-modern ages. Nomura Securities, the first brokerage firm in Japan was founded in the city in 1925 and Osaka still houses the leading futures exchange in the country. Today, many major companies have since moved their main offices to Tokyo, principally in the 1970s, but several major companies are still headquartered in Osaka such as Panasonic, Sharp and Sanyo. Recently, the city began a program, headed by Mayor Junichi Seki, to try to attract domestic and foreign investment in the city. Other Major Cities
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