Beginning with Toranomon, Shinagawa, and Shibuya, and continuing with the area around Tokyo Station, an increasing number of large-scale projects will be successively completed. With the 2020 Olympic and Paralympic Games being held here in Tokyo and drawing the world's attention, the redevelopment of Tokyo's city center is accelerating. While the top 4 cities have not changed since 2008, this year Tokyo has favorable overtaken Paris to claim the 3rd position. The challenge for Tokyo of realizing a virtuous cycle through various private-sector initiatives, such as the 28 projects in the NSSZ, has just begun.Ĭhairman, Institute for Urban Strategies,Īfter first being published in 2008 by the Mori Memorial Foundation's Institute for Urban Strategies, the Global Power City Index is now entering its 9th year. Further regulatory reforms should be pursued in order to solidify this 3rd place result, and seek an even higher position as we turn our attention towards the impending Tokyo Olympics. In part, these results can be said to arise from the influence of National Strategic Special Zones (NSSZ), while also contributing strongly are the macroeconomic policies related to 'Abenomics' (cheaper yen). After holding the 4th place position ever since the Global Power City Index was first presented in 2008, Tokyo has this year favorable achieved 3rd place.
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