Japanese cities most expensive - survey
Published on Jun 15, 2010
Japanese cities are back to being the world’s most expensive places to live, according to a survey released yesterday by HR consultancy, ECA International. Tokyo ranked as the world’s priciest city, while Nagoya came in fourth in the global ranking, followed by Yokohama in fifth, and Kobe in seventh place. Hong Kong fell in the cost of living stakes, and the appreciation of the Korean won saw Seoul leapfrog Hong Kong, while Singapore has climbed to 67th place in the world rankings. Oslo ranked as the world’s second most expensive city, followed, somewhat surprisingly, by Angolan capital Luanda. ECA explained that decades of war in the African national resulted in damaged infrastructure, making goods difficult to obtain, and therefore inflating prices.
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