Monday, June 14, 2010

Japan, Tokyo Cost of Living April 2010

Country Full Name: Japan.

Location: Japan is an island chain between the North Pacific Ocean and the Sea of Japan, east of the Korean Peninsula.

Country Climate: Varies from tropical in south to cool temperate in north.

Country Terrain: Mostly rugged and mountainous.

Major Languages: Japanese.

Major Religions: Shintoism, Buddhism.

Country Population: 127.7 million (2008 est.) 127.6 million (2009 est.).

Country Economy: The economy of Japan is the second largest in the world, after the United States at around $5 trillion USD in terms of nominal GDP and third after the United States and China when adjusted for purchasing power parity. Banking, insurance, real estate, retailing, transportation, telecommunications and construction are all major industries. Japan has a large industrial capacity and is home to some of the largest, leading and most technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles and processed foods. The service sector accounts for three quarters of the gross domestic product.

Currency: Japanese Yen (JPY).

Country Inflation: 1.4% (2008 est.) -1.1% (2009 est.).

City: Tokyo is the seat of the Japanese government.

City Economy: Tokyo is one of the three world finance command centers, along with New York and London. Tokyo has the largest metropolitan economy 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.
Cost of Living: Tokyo has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Tokyo is currently ranked 1 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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