🇯🇵 Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital city of Osaka Prefecture. Osaka 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.
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 centre 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 centre in the Keihanshin Metropolitan Area.
Osaka is a major financial centre of Japan, and it is recognised as one of the most multicultural and cosmopolitan cities in Japan. The city is home to the Osaka Exchange as well as the headquarters of multinational electronics corporations such as Panasonic and Sharp. Osaka is an international centre of research and development and is represented by several major universities, notably 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.
Economy 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 as the 5th most expensive city due to flatlining consumer prices and government subsidies of public transportation.
Historically, Osaka was the centre 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 centre in the world and fifth most competitive in Asia (after Singapore, Hong Kong, Tokyo, and Shanghai).
The Osaka Securities Exchange, specialising in derivatives such as Nikkei 225 futures, is based in Osaka. The merger with JASDAQ will help the Osaka Securities Exchange become the largest exchange in Japan for start-up companies.
According to global consulting firm Mercer, Osaka was the second most expensive city for expatriate employees in the world in 2009. It jumped up nine places from 11th place in 2008 and was the eighth most expensive city in 2007. However, it was not ranked in the top ten places of the list in 2013. The Economist Intelligence Unit (EIU) ranked Osaka as the second most expensive city in the world in its 2013 Cost of Living study.
Keihanshin Osaka is part of the metropolitan region called Keihanshin (aka Greater Osaka) in the Kansai region. The Keihanshin region includes the prefectures of Osaka, Kyoto, Hyōgo (Kobe), Nara, Shiga, Wakayama, Sakai. The Keihanshin region has a population (as of 2015) of 19,303,000 (15% of Japan's population) which covers 13,228 km² (5,107 sq mi). It is ranked the second most urban region in Japan after the Greater Tokyo area and 10th largest urban area in the world. Keihanshin has a GDP of approximately $953.9 billion in 2012 (16th largest in the world). Osaka-Kobe has a GDP of $681 billion (2015), which is a bit more than Paris or Greater London.
Ōsaka is rated Beta − by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. Beta level cities are cities that link moderate economic regions to the world economy.
Ōsaka is the #29 city in the world according to the Global Power City Index (GPCI) which evaluates and ranks the major cities of the world according to their magnetism, or their comprehensive power to attract people, capital, and enterprises from around the world. It does so through measuring six key functions: Economy, Research and Development, Cultural Interaction, Liveability, Environment, and Accessibility.
Ōsaka is the #46 city in the world according to the Global Financial Centres Index (GFCI) which evaluates and ranks the competitiveness of the major financial centres of the world according to a wide range of criteria – Human Capital, Business, Finance, Infrastructure and Reputation.
Ōsaka is ranked #29 and rated B by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. B cities are international hub cities. Ōsaka was ranked #313 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Ōsaka has a population of over 2,691,742 people. Ōsaka also forms part of the wider Keihanshin metropolitan area which has a population of over 19,341,976 people. Ōsaka is ranked #128 for startups with a score of 4.564.
Twin Towns, Sister Cities Osaka has links with:🇹🇷 Aksaray, Turkey 🇳🇿 Auckland, New Zealand 🇹🇭 Bangkok, Thailand 🇭🇺 Budapest, Hungary 🇦🇷 Buenos Aires, Argentina 🇰🇷 Busan, South Korea 🇨🇳 Changning, China 🇺🇸 Chicago, USA 🇩🇪 Hamburg, Germany 🇻🇳 Ho Chi Minh City, Vietnam 🇭🇰 Hong Kong, Hong Kong 🇮🇩 Jakarta, Indonesia 🇲🇾 Kuala Lumpur, Malaysia 🇫🇷 Le Havre, France 🇫🇷 Lyon, France 🏴 Manchester, England 🇵🇭 Manila, Philippines 🇦🇺 Melbourne, Australia 🇮🇹 Milan, Italy 🇮🇳 Mumbai, India 🇨🇳 Qingpu District, China 🇷🇺 Saint Petersburg, Russia 🇺🇸 San Francisco, USA 🇧🇷 São Paulo, Brazil 🇰🇷 Seoul, South Korea 🇩🇿 Sétif, Algeria 🇨🇳 Shanghai, China 🇸🇬 Singapore, Singapore 🇨🇳 Tianjin, China 🇪🇸 València, Spain 🇨🇱 Valparaíso, Chile
Locations Near: Ōsaka 135.612,34.7597
Antipodal to: Ōsaka -44.388,-34.76