Tokyo is one of the three world finance "command centres", along with New York City and London. Tokyo has the largest metropolitan economy in the world. According to a study conducted by PricewaterhouseCoopers, the Tokyo urban area (35.2 million people) had a total GDP of US$1,191 billion in 2005 (at purchasing power parity), ranking again as the largest urban agglomeration GDP in the world. 50 of the companies listed on the Global 500 are based in Tokyo, almost twice that of the second-placed city.
Tokyo is a major international finance center, 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. During the centralized growth of Japan's economy following World War II, many large firms moved their headquarters from cities such as Osaka (the historical commercial capital) to Tokyo, in an attempt to take advantage of better access to the government. This trend has begun to slow due to ongoing population growth in Tokyo and the high cost of living there.
Tokyo was rated by the Economist Intelligence Unit as the most expensive (highest cost-of-living) city in the world for 14 years in a row ending in 2006. This analysis is for living a Western corporate executive lifestyle, with items like a detached house and several automobiles.The Tokyo Stock Exchange is Japan's largest stock exchange, and second largest in the world by market capitalization and fourth largest by share turnover. In 1990 at the end of the Japanese asset price bubble, it accounted for more than 60% of the world stock market value.
Tokyo had 8,460 ha (20,900 acres) of agricultural land as of 2003, according to the Ministry of Agriculture, Forestry and Fisheries, placing it last among the nation's prefectures. The farmland is concentrated in Western Tokyo. Perishables such as vegetables, fruits, and flowers can be conveniently shipped to the markets in the eastern part of the prefecture. Japanese leaf spinach and spinach are the most important vegetables; as of 2000, Tokyo supplied 32.5% of the Japanese leaf spinach sold at its central produce market.
With 36% of its area covered by forest, Tokyo has extensive growths of cryptomeria and Japanese cypress, especially in the mountainous western communities of Akiruno, Ōme, Okutama, Hachiōji, Hinode, and Hinohara. Decreases in the price of lumber, increases in the cost of production, and advancing old age among the forestry population have resulted in a decline in Tokyo's output. In addition, pollen, especially from cryptomeria, is a major allergen for the nearby population centers.
Tokyo Bay was once a major source of fish. Presently, most of Tokyo's fish production comes from the outer islands, such as Izu Ōshima and Hachijōjima. Skipjack tuna, nori, and aji are among the ocean products.
Tokyo Dress Code
For business, smart clothes are essential with suits for men and tailored dresses or suits for women. Tokyo business people tend to be fairly formal in their dressing habits. Outside of business, casual dress is fine for most things although you may feel more comfortable if dressed in smart casual attire.
Greeting Someone in Tokyo
The Japanese custom is to bow when meeting somebody. When to bow and how much to do so is something that is very complicated and deeply ingrained in Japanese culture. Visitors are not expected to understand this and it is acceptable to shake hands. However, it will always be appreciated if you attempt a slight bow. Business cards are considered highly important so remember to take a good supply with you. Cards should be handed over in a rather courteous manner using both hands. They should be received in the same manner, treated with respect and referred to often, if only in ritual.
Tokyo Business Hours and Banking
Business hours in Tokyo are 09:00 to 17:00, Monday to Friday.
Business in Japan can be highly formal and greetings are usually rather ritualistic due to the hierarchical society; a third party introduction is useful. A polite bow is customary; the more senior the person, the deeper the bow. Business cards are exchanged often, using both hands. It can be useful to have cards printed with both English and Japanese, and one should present the card with the Japanese side facing the recipient.
Punctuality is very important and dress is formal. Women can encounter some sexism as traditionally women are seen as caregivers and wives. Gift giving is an important aspect of Japanese society and in a business context gifts are usually given after the first or second meeting. It is wise to consult someone locally on what is appropriate in order not to cause offence.
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1-12-33 AKASAKA MINATO-KU TOKYO 107 0052 JAPAN
ANA InterContinental Tokyo is located right in the heart of Tokyo in Ark Hills, with Akasaka, Roppongi and Kasumigaseki close by. Access by car is extremely convenient with expressways near by, and easily accessible to the 'HOT' areas such as Roppongi,...
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1-16-2 Kaigan, Minato-Ku, Tokyo 105-8576, Japan
Located in the heart of Tokyo, one of the greatest cities in the world InterContinental Tokyo Hotel is one of the most impressive hotels in the city. Haneda International Airport is conveniently situated just six kilometres from the InterContinental Tokyo...
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1-11-1 Marunouchi Chiyoda-KU, Tokyo, Japan
The hotel's 57 rooms, including nine suites, achieve new standards in the heart of Tokyo. Guest quarters are remarkably spacious, with meticulous appointments and contemporary furnishings befitting a hotel in one of the world's...
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2-10-8 Sekiguchi, Tokyo, Japan
Hotel Description Neighbouring Tokyo's main buisiness and financial centers, yet idyllically situated is an historic and peaceful 7-hectare (17-acre) Japanese gargen, Four Seasons is an innovative blend of classic european decor, distinctive...
6-10-3 Roppongi, Minato-ku, Tokyo 106-0032, Japan
Better known as a famous landmark of Tokyo, Grand Hyatt Tokyo Hotel sets new standards in hotel culture. Offering excellent entertainment, lodging, and dining, the Grand Hyatt Tokyo... more
3-7-1-2 Nishi-Shinjuku, Shinjuku-Ku, Tokyo 163-1055, Japan
Located on the top 14 floors of the 52-storey Shinjuku Park Tower, Park Hyatt Tokyo Hotel offers the unmatchable views of Tokyo and the Kanto Plain all the way to Mount Fuji. Renowned as a haven of peace and comfort, Park Hyatt Tokyo Hotel... more
Marunouchi Trust Tower Main Building, 1-8-3 Marunouchi, Chiyoda ku, Tokyo, 100-8283, JP
Guests will appreciate Shangri-La’s unique brand of hospitality and service, as well as the very finest facilities and amenities while staying within the comfort and warmth of this luxurious Tokyo hotel more
6-2 Nishi-Shinjuku 6-Chome, Tokyo, Japan
Hilton Tokyo in Shinjuku is part of Tokyo's dynamic new business, shopping and entertainment centre, which pulsates with a vibrancy that typifies modern Japan. The hotel is a landmark building and an oasis of hospitality, comfort and style, with 806 luxurious rooms,... more
1-6-1 Nishi-Ikebukuro,Toshima-Ku, ,Tokyo,171-8505 Japan
The vibrant Crowne Plaza Metropolitan Tokyo Hotel is conveniently located in the heart of bustling Tokyo. This Crowne Plaza hotel is perfectly positioned to offer both the business and the leisure traveller comfortable and convenient stay. Towering 25... more
2-6-1 Daiba Minato-Ku Tokyo 135-8701 Japan
Minutes from central Tokyo, Le Meridien Grand Pacific Tokyo Hotel is situated in Rainbow Town, Tokyo's waterfront area. Overlooking picturesque Tokyo Bay, the Le Meridien Grand Pacific Tokyo Hotel is within close proximity to major Tokyo attractions such as Joy Polis,... more
1-8 Maihama, Tokyo, Japan
The official hotel of Tokyo Disneyland, the Hilton Tokyo Bay hotel is just 30 minutes from central Tokyo. De-stress in the Grand Phyto aromatherapy salon, work out in the Bay Breeze Club fitness center or swim in the indoor and outdoor pools. Kids will love the video... more
4-1 Kioicho,Chiyoda-ku,Tokyo 102-8578,Japan
Hotel Location The Hotel New Otani Tokyo is conveniently located in the center of Tokyo yet surrounded by a ten-acre Japanese garden dating back to the 16th century. The Main and Tower buildings provide world-class services for business executives.... more
3-13-3 Takanawa, Tokyo, 108-8567, Japan
The Le Meridien Pacific Tokyo hotel is ideally located within close proximity to Tokyo's famous shopping and entertainment areas and the Shinagawa station. This lovely Le Meridien hotel is surrounded by several beautiful... more
2-7-2 Nishi-Shinjuku, Shinjuku-Ku, Tokyo 160-0023, Japan
Century Hyatt Tokyo Hotel is located in the heart of Shinjuku, one of the most vibrant areas of Tokyo. True Japanese culture and hospitality are veiled by Century Hyatt Tokyo Hotel's westernised demeanour featuring stained glass windows and splendid European chandeliers.... more
Description The Keio Plaza InterContinental Tokyo hotel is an oasis in the middle of the bustling city of more
2-1-1 Nihonbashi, Kakigara-cho, Chuo-Ku, Tokyo, 103-8520, Japan
Royal Park Tokyo Hotel is located near Marunouchi and Otemachi business districts and neighbouring the Tokyo City Air Terminal. Suitengu-mae subway station is directly underneath Royal Park Tokyo Hotel and New Tokyo International (Narita) Airport... more
1-2-9 Kabukichou, Shinjuku, Tokyo, 160-0021, Japan
The Best Western Shinjuku Astina Hotel Tokyo is located across from Shinjuku city hall and just a five minute walk from the subway station. Our location will provide good access for your business and shopping needs in the center of Tokyo.
2 9 4 Ginza, Chuo Ku, 1040061 Tokyo, Japan
Hotel IntroductionThe hotel is in the heart of Tokyos shopping area, within walking distance from Ginza dori and Harumi dori shopping streets, Kabuki Theatre and Tsukiji fish markets. The subway station underneath the hotel provides access to all attractions... more
1-6-2 Osaki Shinagawa-ku Tokyo 141-0032 Japan
Hotel Location The New Otani Inn Tokyo is directly connected with Osaki Station on the JR Yamanote line, which links the major business, shopping, and entertainment districts of Tokyo, providing convenient access to all points of the city. Tokyo... more