Tokyo is on the wane. After holding the dubious title of the world’s most expensive city for expats for much of the past two decades, Japan’s biggest metropolis no longer even makes the top 10.
At least those are the findings of the annual cost of living survey by consultants Mercer. The reason behind its demise — Tokyo slid from seventh to 11th spot after occupying third spot in 2013 rankings — was the weakness of the yen against the US dollar over the past year.
Indeed, exchange rate fluctuations have played havoc with the 2015 rankings, which are now in their 21st year.
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