Tokyo is the seat of the Japanese government. Tokyo is one of the three world finance "command centres", along with New York and London. Tokyo has the largest metropolitan economy in the world. Tokyo is a major international finance centre, 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. Japan is an island chain between the North Pacific Ocean and the Sea of Japan, east of the Korean Peninsula. The climate varies from tropical in the south to cool temperate in the north. 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 and 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. Japanese culture is governed by a strict code of manners. The Japanese do not expect expatriates to be familiar with all customs, it is important to try to adapt to Japanese Protocols. Expatriate business dress is typically formal and conservative. Men should wear a suit and women should wear either a dress or a suit. The security risk for expatriates in Japan is low. Risks are mainly low levels of crime in urban areas. Other risks include earthquakes and tsunamis, that can cause widespread damage and disruption. The currency of Japan is the Japanese Yen (JPY). Japan is mainly a cash society. Cards issued outside Japan are not widely accepted. Many post offices, 7-Eleven stores and Citi Bank branches have ATMs, which will accept some foreign cards during business hours. Medical facilities are excellent, but the cost of treatment is expensive and often requires immediate payment in full. The population of Tokyo is 38.3 Million (2019 est.), while the inflation rate (CPI) is 0.2% for Japan as at September 2019. Xpatulator Hypothetical Tax for Japan is based on the current personal income tax rates which are progressive up to 45%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Tokyo is as follows: Tokyo as at 1 October 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$740 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$1040 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$336 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$30000 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$2100 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$970 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$810 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$4450 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$575 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$315 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$515 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$670 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$1130 Tokyo is 51% more expensive than Houston TX for groceries, 107.6% more expensive for household costs than Kuala Lumpur, and 91.4% more expensive for transport costs than Dubai. The hardship premium for Tokyo for an expat from Perth, is for example 10%, i.e. host location (Tokyo) premium of 20% minus home (Perth) location premium of 10%. Tokyo is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Tokyo? Register subscribe to your home location and Tokyo and run your personalised reports.