Osaka in Japan

Saturday, 30 October 2021 - 11:00 am (CET/MEZ) Berlin | Author/Destination:
Category/Kategorie: General
Reading Time:  5 minutes

Skyline towards Umeda © Ug/cc-by-sa-4.0

Skyline towards Umeda © Ug/cc-by-sa-4.0

Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital and the most populous city in Osaka Prefecture, and the third most populous city in Japan, following Tokyo and Yokohama (both located in the Greater Tokyo Area and the Kantō region). With a population of 2.7 million in the 2020 census, it is also the largest component of the Keihanshin Metropolitan Area, the second-largest metropolitan area in Japan and the 10th largest urban area in the world with more than 19 million inhabitants.

Osaka was traditionally considered Japan’s economic hub. By the Kofun period (300–538) it had developed into an important regional port, and in the 7th and 8th centuries, it served briefly as the imperial capital. Osaka continued to flourish during the Edo period (1603–1867) and became known as a center of Japanese culture. Following the Meiji Restoration, Osaka greatly expanded in size and underwent rapid industrialization. In 1889, Osaka was officially established as a municipality. The construction boom accelerated population growth throughout the following decades, and by the 1900s, Osaka was the industrial hub in the Meiji and Taishō periods. Osaka made noted contributions to redevelopment, urban planning and zoning standards in the postwar period, the city developed rapidly as one of the major financial center in the Keihanshin Metropolitan Area.

Central Osaka © Type specimen/cc-by-sa-4.0 Osaka Castle © 663highland/cc-by-2.5 Shitenno-ji © 663highland/cc-by-2.5 Skyline towards Umeda © Ug/cc-by-sa-4.0 Sumiyoshi Taisha Grand Shrine © Saigen Jiro Umeda skyscrapers © Zairon/cc-by-sa-4.0
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Sumiyoshi Taisha Grand Shrine © Saigen Jiro
Osaka is a major financial center of Japan, and its recognized as one of the most multicultural and cosmopolitan cities in Japan. The city is home to the Osaka Securities Exchange as well as the headquarters of multinational electronics corporation such as Panasonic and Sharp. Osaka is an international center of research and development and is represented by several major universities, notably the Osaka University, Osaka Metropolitan University and Kansai University. Famous landmarks in the city include Osaka Castle, Osaka Aquarium Kaiyukan, Dōtonbori, Tsūtenkaku in Shinsekai, Tennōji Park, Abeno Harukas, Sumiyoshi Taisha Grand Shrine, and Shitennō-ji, one of the oldest Buddhist temples in Japan.

The gross city product of Osaka in fiscal year 2004 was ¥21.3 trillion, an increase of 1.2% over the previous year. The figure accounts for about 55% of the total output in the Osaka Prefecture and 26.5% in the Kinki region. In 2004, commerce, services, and manufacturing have been the three major industries, accounting for 30%, 26%, and 11% of the total, respectively. The per capita income in the city was about ¥3.3 million, 10% higher than that of the Osaka Prefecture. MasterCard Worldwide reported that Osaka ranks 19th among the world’s leading cities and plays an important role in the global economy. Osaka’s GDP per capita (Nominal) was $59,958.($1=\120.13) However, by 2020, Osaka ranked 5th as most expensive cities due to flatlining consumer prices and government subsidies of public transportation. Historically, Osaka was the center of commerce in Japan, especially in the middle and pre-modern ages. Nomura Securities, the first brokerage firm in Japan, was founded in the city in 1925, and Osaka still houses a leading futures exchange. Many major companies have since moved their main offices to Tokyo. However, several major companies, such as Panasonic, Sharp, and Sanyo, are still headquartered in Osaka. Recently, the city began a program, headed by mayor Junichi Seki, to attract domestic and foreign investment. In the 2017 Global Financial Centres Index, Osaka was ranked as having the 15th most competitive financial center in the world and fifth most competitive in Asia (after Singapore, Hong Kong, Tokyo, and Shanghai).

Read more on Osaka, osaka-info.jp, Wikivoyage Osaka and Wikipedia Osaka (Smart Traveler App by U.S. Department of State - Weather report by weather.com - Global Passport Power Rank - Travel Risk Map - Democracy Index - GDP according to IMF, UN, and World Bank - Global Competitiveness Report - Corruption Perceptions Index - Press Freedom Index - World Justice Project - Rule of Law Index - UN Human Development Index - Global Peace Index - Travel & Tourism Competitiveness Index). Photos by Wikimedia Commons. If you have a suggestion, critique, review or comment to this blog entry, we are looking forward to receive your e-mail at comment@wingsch.net. Please name the headline of the blog post to which your e-mail refers to in the subject line.




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