![]() * Demographic trends in Japan and limited immigration continue to exacerbate the challenges * English speaking candidates are in shorter supply in here than elsewhere, Japan is 3rd from lowest among countries in Asia for English competency * Approximately 1.78 jobs open for every person job seeking in Tokyo, this ratio is multiple times higher when bilingual or specialist requirements are factored in * Long-standing excess demand vs supply in Japan's labour market Japan is among the most challenging countries in which to hire Unlike New York, the slow recovery of air travel for Tokyo caused a strong decline in its "Air Transport Capacity" scores in Accessibility.Īdditional coverage from the Nikkei: Hong Kong takes biggest ever fall in global 'Power City' rankingsįinancial hub down to 23rd from 13th Singapore and Tokyo remain in top 5 The city saw its rank fall in 4 of the 6 functions, with lower scores in "Tourism Resources" and "International Interaction" in Cultural Interaction causing a drop to #5 in that function. It was also assessed as comparatively unattractive in terms of **availability of skilled human resources**, its corporate tax rate, and scored worse than other top cities on **social freedom and equality criteria**. However Tokyo had the 4th largest drop in its comprehensive score among GPCI cities, edging closer to #4 Paris. Tokyo remains #3 in the latest Global Power City Index (GPCI) which evaluates and ranks the major cities of the world according to their “magnetism,” or their comprehensive power to attract people, capital, and enterprises from around the world.
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