Tokyo, Japan News

About Tokyo Japan

Tokyo is one of the three world finance "command centres", along with New York City and London. Tokyo has the largest metropolitan economy in the world. According to a study conducted by PricewaterhouseCoopers, the Tokyo urban area (35.2 million people) had a total GDP of US$1,191 billion in 2005 (at purchasing power parity), ranking again as the largest urban agglomeration GDP in the world.

Tokyo is a major international finance center, houses the headquarters of several of the world's largest investment banks and insurance companies, and serves as a hub for Japan's transportation, publishing, and broadcasting industries.

During the centralized growth of Japan's economy following World War II, many large firms moved their headquarters from cities such as Osaka (the historical commercial capital) to Tokyo, in an attempt to take advantage of better access to the government. This trend has begun to slow due to ongoing population growth in Tokyo and the high cost of living there.

Tokyo was rated by the Economist Intelligence Unit as the most expensive city in the world for 14 years in a row ending in 2006. This analysis is for living a Western corporate executive lifestyle, with items like a detached house and several automobiles.

The Tokyo Stock Exchange is Japan's largest stock exchange, and second largest in the world by market capitalization and fourth largest by share turnover. In 1990 at the end of the Japanese asset price bubble, it accounted for more than 60% of the world stock market value.

Tokyo had 8,460 ha (20,900 acres) of agricultural land as of 2003, according to the Ministry of Agriculture, Forestry and Fisheries, placing it last among the nation's prefectures. The farmland is concentrated in Western Tokyo.

Perishables such as vegetables, fruits, and flowers can be conveniently shipped to the markets in the eastern part of the prefecture. Japanese leaf spinach and spinach are the most important vegetables; as of 2000, Tokyo supplied 32.5% of the Japanese leaf spinach sold at its central produce market.

Other Major Cities

• Tōkyō
• Yokohama
• Ōsaka
• Nagoya
• Sapporo
• Kōbe
• Kyōto
• Fukuoka
• Kawasaki
• Saitama
• Hiroshima
• Sendai
• Kitakyūshū
• Chiba
• Sakai
• Niigata
• Hamamatsu