![]() This year’s index now has the French capital in 4th place. Last year, third place was occupied by Paris. Key reasons cited for Tokyo’s new lofty position are a reduction in corporate tax rates, an increased number of visitors from abroad (which one assumes to be mainly from China), and additions to the number of direct flights to overseas destinations. According to the corresponding press release it ‘evaluates and ranks 42 major cities according to their “magnetism,” or their perceived overall power to attract creative individuals and enterprises from around the world.’ London and New York take the top two spots respectively. ![]() This represents an all-time-high for Japan’s capital which has, until now, been stuck in 4th place since the creation of the index in 2008. In a report released by The Mori Memorial Foundation’s Institute for Urban Strategies, Tokyo finds itself in third position (out of 42) in an index of Global Power Cities.
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