Monday, April 19, 2010

Tokyo,Japan






Tokyo, officially Tokyo Metropolis, is one of the 47 prefectures of Japan. It is located on the eastern side of the main island Honshū and includes the Izu Islands and Ogasawara Islands. Tokyo Metropolis was formed in 1943 from the merger of the former Tokyo Prefecture (Tokyo-fu) and the city of Tokyo. The Tokyo Metropolitan government administers the twenty-three special wards of Tokyo, each governed as a city, that cover the area that was the city of Tokyo as well as 39 municipalities in the western part of the prefecture and the two outlying island chains. Although technically not a city, Tokyo is considered the capital and largest city of Japan.

The population of the special wards is over 8 million people, with the total population of the prefecture exceeding 12 million. The prefecture is the center of the Greater Tokyo Area, the world's most populous metropolitan area with 35 to 39 million people (depending on definition) and the world's largest metropolitan economy with a GDP of US$1.479 trillion at purchasing power parity in 2008.

Tokyo was described by Saskia Sassen as one of the three "command centers" for the world economy, along with New York City and London. This city is considered an alpha+ world city, listed by the GaWC's 2008 inventory and ranked fourth among global cities by Foreign Policy's 2008 Global Cities Index. In 2009 Tokyo was named the world's most expensive city for expatriate employees, according to the Mercer and Economist Intelligence Unit cost-of-living surveys and named the third Most Liveable City and the World’s Most Livable Megalopolis by the magazine Monocle.

Tokyo is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family.

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. According to a study conducted by PricewaterhouseCoopers, the Tokyo urban area (35.2 million people) had a total GDP of US$1.479 trillion in 2008 (at purchasing power parity), ranking again as the largest urban agglomeration GDP in the world. As of 2008, 47 of the companies listed on the Global 500 are based in Tokyo, almost twice that of the second-placed city (Paris).

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.

The Big Mac Index shows that workers in Tokyo earn the highest salary in the world.

Tokyo was rated by the Economist Intelligence Unit as the most expensive (highest cost-of-living) city in the world for 14 years in a row ending in 2006. This analysis is for living a 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.

With 36% of its area covered by forest, Tokyo has extensive growths of cryptomeria and Japanese cypress, especially in the mountainous western communities of Akiruno, Ōme, Okutama, Hachiōji, Hinode, and Hinohara. Decreases in the price of lumber, increases in the cost of production, and advancing old age among the forestry population have resulted in a decline in Tokyo's output. In addition, pollen, especially from cryptomeria, is a major allergen for the nearby population centers.

Tokyo Bay was once a major source of fish. Presently, most of Tokyo's fish production comes from the outer islands, such as Izu Ōshima and Hachijōjima. Skipjack tuna, nori, and aji are among the ocean products.

Tourism in Tokyo is also a contributor to the economy.

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