Tokyo ‘world’s most expensive expat city’
A new survey has named the Japanese capital, Tokyo, as the most expensive city in the world for expatriates, overtaking Luanda in Angola.
According to research published this week by Mercer, the strengthening of the yen against the US dollar led to an increase in the cost of living for Tokyo-based expats. Conversely, European capitals including Paris, Amsterdam and Rome fell down the table as the euro weakened.
Japan’s third-largest city, Osaka, occupied third place in the Mercer rankings, while Luanda was named as the world’s second most expensive city for expats. London placed 25th in the rankings, seven places lower than last year, while Birmingham climbed 17 places to 133rd.
“Despite price increases on goods and services most UK cities moved down in the ranking this year, following the loss in value of the British pound against the US dollar,” said Milan Taylor, Mercer UK’s head of data and product services. “However, Birmingham and Belfast bucked the trend.”
Last month, deputy prime minister Nick Clegg told the BBC that the British government would not prevent Greek expats from attempting to enter the UK as a result of the ongoing upheaval in the eurozone.
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