Nagoya is the third-largest incorporated city and the fourth most populous urban area in Japan. Nagoya's main industry is the automotive business, as many Japanese automotive companies are based out of Nagoya. Major automotive suppliers also have a presence. There is also a sizable aerospace, machine tool and electronics industry in the area. Japan is an island chain between the North Pacific Ocean and the Sea of Japan, east of the Korean Peninsula. Varies from tropical in south to cool temperate in north. Mostly rugged and mountainous. The official language is Japanese. Many Japanese business people who deal with foreigners speak good English, but business negotiations are often conducted through an interpreter. It is unwise to try to speak Japanese in business meetings, even with a relatively high degree of fluency. However, in social contexts some familiarity with the Japanese language or Japanese customs will be greatly appreciated. English is spoken in major hotels and in shops catering for tourists, but only minimally elsewhere. The main religions are Shintoism, Buddhism. 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. The population in Nagoya is 2.266 Mil (2014 est.), while the inflation rate is 3.6% (2014 est.).
Cost Of Living
The cost of living for expatriates in Nagoya as at 1 July 2014 is very high in comparison to other places in the world. In Nagoya, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Average 2) Clothing: High 3) Communication: Very High 4) Education: Very High 5) Furniture & Appliances: Low 6) Groceries: Very High 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: Low 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: High 13) Transport: Very High Nagoya is for example 53% more expensive than Montevideo for groceries, 53.6% more expensive for household costs than Durban, and 64.9% more expensive for transport costs than Athens. Nagoya is ranked as a high degree of hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Nagoya for an expat from Zurich is for example 20%, i.e. host location (Nagoya) premium of 30% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Nagoya? Register subscribe to your home location and Nagoya and run your personalised reports.