Tokyo is the capital of Japan and also the third most populous city of the country. It is one of the most beautiful places to visit and it offers a great deal to the travelers. Various main economic activities take place here like industrialization, finance and banking, commerce, transport, etc. Tokyo is also home to many of the top museums and galleries as well.
The Tokyo Stock Market, otherwise known as the Tokyo Mega Center, is the biggest financial center in the world. Businessmen from all over the world to invest in this market to make profits. Various brokerage companies and investment banks operate here. Major stock exchanges like the NASDAQ and the New York Stock Exchange operate here.
Tourism is a huge industry in Tokyo. Tokyo is visited by tourists from various countries of the world. There are several tourist attractions in Tokyo that draw the attention of people from all over the world. These include the Meiji shrine in the Tokyo area, The Imperial palace and Imperial gardens, Tokyo Disney Land, Ghibli Museum, Victoria and Albert Museum, National Diet Gallery, National Museum, Tokyo Disney Land, The St. Luke's Garden, Tokyo Disney Land, The Japan Calligraphy Museum, National Museum of Modern Art, Tokyo Disneyland, etc.
As far as the main economic activities in Tokyo are concerned, they are related to the finance, banking and commercial sectors. In fact, these have become the Tokyo main economic activities that drive the economy of the city. Let us see how these main economic activities take place in Tokyo.
Tokyo Financial District: It is also known as the Wall Street of Tokyo. It is one of the busiest financial centers in the world. It is considered as the heart of the financial district of Tokyo. It is a huge collection of financial companies, international banks and brokerage houses that provide with numerous financial services to its clients.
Business Outlook. The third quarter of this year 2021 saw a significant increase in the growth of the financial institutions in Tokyo. This has been supported by an increase in the number of foreign direct investment (FDI) into the country, primarily from China, Japan and South Korea.
Business activities in the financial district can be broadly classified into two sectors. The first is the business-to-business sector that handles the trade between the companies and other establishments. It includes a number of shopping malls, hotels, bars and restaurants. Other establishments that do not fall under the business to business category include offices, government offices and educational establishments. There is also a new trend of foreign direct investment (FDI) into the country, mostly from Asian countries like India and Singapore.
The second sector of the Tokyo Main Economic Activity is the Finance and Insurance Sector. This includes securities brokerage, insurance companies and banks that perform the role of financial intermediaries between the investors and the companies or entities involved in the financial business. A number of financial institutions in Tokyo also trade on foreign exchanges. As a result, a number of financial products are traded in the financial district every day.
The Tokyo Stock Market is the main economic activity in the Tokyo Main Economic Area. The market is an enormous complex of financial houses and giant companies trading on the market. It is also considered one of the most powerful financial markets in the world. Financial products like equities, derivatives . . . . . . and mortgage-backed securities are traded in the Tokyo Stock Market.
Tourist attractions in the city also contribute to the Tokyo economy. There are a number of world famous landmarks in the city that attract thousands of visitors from around the world. Some of them include Mount Fuji, Meiji Shrine, Gioninguishai and Aoyugemancho Temple. Hotels and resorts in Tokyo also contribute to the city's economy. Hotel and restaurant revenues account for more than 20% of the Tokyo gross domestic product.
A number of international financial organizations have also set base in Tokyo. Among them are the Boston Consulting Group, Allen Denny and Merrill Lynch. These firms have several offices in Tokyo. They have created more jobs for local people and have provided support to the economy by helping it achieve progress. Many foreigners work in these firms and take up jobs in Tokyo because it offers good salaries and various benefits.
The Tokyo Metropolitan Government has also played an important role in supporting the development of the main economic activities in Tokyo. The transport department is responsible for developing transport facilities in the city. Another agency is the Land Development Agency. It deals with the development of residential areas and commercial areas. The Tokyo Electric Power Company has also made major contributions to the development of Tokyo. All these entities have played an instrumental role in the development of Tokyo and have contributed in its rise to global status.