With a population exceeding 13 million, Japan’s capital is one of Asia’s global cities. Approximately 37 million people live in the Greater Tokyo Area, ranking it among the world’s largest metropolitan economies. Numerous corporate headquarters and research institutes are located in Tokyo, making the city a business and cultural hub for the wider Asian region.
The GRP of Tokyo alone accounts for approximately 19% of Japan’s GDP. Taking into account the greater metropolitan area (total GRP for Tokyo and Kanagawa, Saitama and Chiba Prefectures), this figure rises to approximately 34%, clearly illustrating the central role that the Tokyo region plays in business and R&D.
The head offices of many Japanese companies are located in Tokyo, including the headquarters of 41 corporations listed in the Fortune Global 500 (2014).
The finance industry is particularly prominent in the city, which is home to the Tokyo Stock Exchange (the exchange with the highest market capitalization in Asia) and the head offices of many Japanese banks, securities companies and insurance companies, as well as offices of numerous foreign financial institutions.
Tokyo is also the preeminent center in Japan for ICT industries, including information services and media.
In terms of both scale and quality, Tokyo has an impressive array of universities and institutes conducting research at the highest levels in Asia across a wide range of fields. These include the University of Tokyo and the Tokyo Institute of Technology, which specializes in engineering.
In the aim of becoming the world’s most business-friendly city, in recent years Tokyo has strived to attract the Asian headquarters of global corporations and undertake urban development projects that will meet the needs of foreign business people working in such companies.
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