Destination Tokyo!

When we hear the word ‘Tokyo’, we always think about good food and good life. And yes indeed, living in Tokyo means having the luxuries in life since this is the center of Japan’s politics, economy, and culture.

Tokyo has the booming economy since according to EENI (http://www.reingexeeni.edu.es/), there is a high concentration of industries and major companies in this area. In the statistics given by EENI, there are over 720,000 business entities in Tokyo. Moreover, 70 percent of the approximate 8.37 million workforces in Tokyo work in these small and medium companies. Add to that is the 70 percent of foreign companies that are also located in this place.

As expected, Tokyo Stock Exchange is Japan’s largest stock exchange among other cities. Moreover, it is the second largest in the world in terms of market capitalization and fourth largest in share turnover (Wikipedia, 2008). A closer look on Tokyo’s economy reveals that it is a major international center, alongside New York City and London. As cited by PricewaterhouseCoopers in a Wikipedia article, The Tokyo urban area had a total GDP of US$1,191 billion in 2005. GDP which stands for gross domestic product is defined by Investopedia.com as the important indicator used to identify the current condition of the country’s economy.

In addition, the Wikipedia article on Tokyo’s economy points out the contribution of the agricultural lands on its economic progress. The Ministry of Agriculture, Forestry and Fisheries mentioned that Tokyo had 8,460 hectares of agricultural lands where vegetables, fruits, and flowers were harvested and shipped to different markets. Spinach is considered as one of the most important vegetables and in the year 2000, 32.5 percent Japanese spinach were sold in the market. The fishing industry also has its own contribution. The Tokyo Bay was once a major fish supplier, but now, most seafood comes from outer islands.

Another major business in Tokyo is tourism. According to the statistics provided by Wikipedia, 481 foreigners and 420 million Japanese visited Tokyo in 2006. The Tokyo government cited that these tourist trips produced 9.4 trillion yen.

In conclusion, armed with advanced technology and high productivity, Tokyo is here to rule the world of business and trade. And also, realizing the richness of the Tokyo’s economy and culture, there is no doubt that doing business in this city means huge profit.