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Monday, June 22, 2015

Tokyo Falls Out of Top 10 of The World's Most Expensive Cities

Above, a view of Tokyo from Tokyo City View. Photo by Armand Vaquer.

There's good news for those expats who live in Tokyo and for those who just want to visit the city.

Tokyo has dropped out of the top ten of the world's most expensive cities.

According to the Wall Street Journal blog:
Japan has seen a record number of tourists visit the country in recent years as a weaker yen makes trips more affordable. The fall in the currency also means Japan is now a relatively cheaper place to live compared with other cities across the globe. 
Human resources consulting firm Mercer says Tokyo has dropped out of the top 10 in its annual cost of living survey for expats. Japan’s capital fell to 11th place from last year’s 7th, thanks to the depreciation of the yen against the dollar. 
The annual survey compared the cost of more than 200 items and factors including housing, transportation, entertainment and food, using New York as the base city.
To read more, go here.

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