page_title: Osaka
section_title: Economy
hierarchical_section_title: Osaka / Economy
caption_attribution_description: English: Urban Employment Area of Osaka in 2015 日本語: 都市雇用圏に基づく2015年の大阪都市圏
context_page_description: Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital city of Osaka Prefecture and the largest component of the Keihanshin Metropolitan Area, the second largest metropolitan area in Japan and among the largest in the world with more than 20 million inhabitants.
  Osaka was traditionally considered Japan's economic hub. By the Kofun period 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 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.
  Today, Osaka is a major financial center of Japan. It is home to the Osaka Securities Exchange as well as the multinational electronics corporations Panasonic and Sharp. Famous landmarks in Osaka include Osaka Castle - which played a pivotal role in the Siege of Osaka - and Shitennō-ji - the oldest Buddhist temple in Japan.
context_section_description: 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.
  The GDP in the greater Osaka area (Osaka and Kobe) is $341 billion. Osaka, along with Paris and London, has one of the most productive hinterlands in the world. Osaka's GDP per capita (Nominal) was $59,958.($1=\120.13)
  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).
  The Osaka Securities Exchange, specializing 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.
caption: A map showing Osaka Metropolitan Employment Area.
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