Some people think that Japan is an expensive place to live. From my experience it’s not that bad. Sure some things are more expensive than other countries, but other things are more affordable. Only Tokyo and Osaka made the top 50 list for the highest cost of living in 2007. Not bad!
1) MOSCOW, Russia
2) LONDON, United Kingdom
3) SEOUL, South Korea
4) TOKYO, Japan
5) HONG KONG, Hong Kong
6) COPENHAGEN, Denmark
7) GENEVA, Switzerland
8 ) OSAKA, Japan
9) ZURICH, Switzerland
10) OSLO, Norway
(Source: Mercer Human Resource Consulting)
If you’re looking for more information on this, you might want to check out Japan’s Statistics Bureau
Four of the world’s top 10 costliest cities for expatriates are in Asia. Seoul ranks in 3rd place (score 122.4), Tokyo in 4th (122.1) and Hong Kong in 5th (119.4) ““ all have been pushed down one place this year.
Chinese cities have moved down the ranking this year. Beijing ranks 20th and scores 95.9, while Shanghai is in 26th place with a score of 92.1. Over the past 12 months, the value of the Chinese Yuan has decreased by around 6% against the Euro. This factor, together with a low inflation rate and stable property rental prices, has kept the major Chinese cities from moving up the ranking. Accommodation costs have not escalated because, while demand is increasing, the availability of high-quality rentals in these cities is also good.
In contrast, elsewhere in Asia, the cost of international-standard accommodation has pushed some cities up the ranking. For example, sharp increases in house prices have contributed to Singapore climbing from 17th to 14th position. Rising property prices have also caused Indian cities to move up the ranking ““ for example, Mumbai has jumped from position 68 to 52 (score 84.9).