Japan's Most Expensive Country in the World
Forex February 2nd, 2010
NEW YORK – Fluctuations in currency exchange rates Japan as world’s countries to make expensive for foreign entrants. Based on the survey, ECA International, the cost of living in the country of the Rising Sun is the most expensive in the world.
While London was recorded as the city with the cost of living ranked 72nd most expensive. While the city with the most expensive cost of living for immigrants held Luanda in Angola. The lack and scarcity of products commonly used expatriates, making prices soar needs.
The financial crisis makes London falls ranked as the most expensive cities in the world. Position down to rank 72. This position is lower in the appeal other European cities, like Paris, Munich, Amsterdam, and Brussels. Whereas years ago London was in a position to-10. In the ranks of European countries, Moscow is a city with the highest living costs.
But of all that, the cities in Japan still holds the record for most expensive cities. Tokyo was in 2nd position after a few levels below Yokohama, Nagoya, and Kobe.
Whereas last year, not one city in Japan in the top 10. This is due to the strengthening of the yen exchange rate compared to some foreign currency.
In Asia, Islamabad is the most expensive cities, where prices of goods and services there, 70 percent smaller than the average city in Japan.
“Global economic crisis a few exchange of foreign currency fluctuations. At a certain time reduction and increase is very drastic,” said Lee Quane, General Manager, ECA International Asia was quoted as saying Friday Telegraph.uk, (5/12/2008).
The study included 125 eksptariat who lived in 370 locations around the world. They asked about the cost, starting daily needs, transportation, and to lifestyle.
Data collected organizations Human Resources (HR) ECA International. Organization based in New York, USA provides HR information services and has a network of 4000 HR institutions in 71 countries.
