TOKYO, Dec 11 (News On Japan) –
This yr’s Global Power City Index was launched, revealing that Tokyo has maintained its place because the third-ranked metropolis worldwide for 9 consecutive years. Factors similar to the rise in international guests to Japan contributed to narrowing the hole between Tokyo and second-ranked New York.
The Global Power City Index, launched in 2008 by the assume tank of actual property big Mori Building, evaluates 48 main cities world wide yearly. The rankings are primarily based on six classes, together with economic system, accessibility, livability, and cultural enchantment, measured throughout 70 indicators.
London retained the highest spot for the thirteenth consecutive yr, adopted by New York, Tokyo, Paris, and Singapore.
This yr, Tokyo and Paris noticed notable good points within the “Cultural Interaction” class, pushed by a major enhance in international guests, which resulted in a considerable rise of their general scores.
However, Tokyo’s rating within the “Economy” class dropped to tenth place, due partially to the yen’s depreciation, which negatively impacted the analysis of GDP, in addition to low wage ranges.
Looking forward, consultants predict that the yen’s continued depreciation might additional scale back GDP evaluations in future rankings. To improve its standing in financial evaluations, Tokyo should handle challenges similar to bettering enterprise situations and indicators associated to extremely expert expertise.
Source: ANN