139-405: The Niwano Peace Prize is given to honor and encourage those devoting themselves to interreligious co-operation in the cause of peace and to make their achievements known. Its foundation hopes that the prize will further promote interreligious co-operation for peace and lead to the emergence of more people devoting themselves to this cause. The award is given annually and consists of a certificate,
278-753: A legal right , with the others being Papua New Guinea , Suriname and Liberia . In 2014 and again in 2020, the International Trade Union Confederation graded the U.S. a 4 out of 5+, its third-lowest score, on the subject of powers and rights granted to labor unions . Similarly, a 2023 study published by Oxfam found that the United States ranks among the worst among developed countries for labor protections . Some scholars, including business theorist Jeffrey Pfeffer and political scientist Daniel Kinderman, posit that contemporary employment practices in
417-543: A goal of increasing roadside trees in Tokyo to 1 million (from 480,000), and adding 1,000 ha (2,500 acres) of green space, 88 ha (220 acres) of which will be a new park named "Umi no Mori" (Sea Forest) which will be on a reclaimed island in Tokyo Bay which used to be a landfill. From 2007 to 2010, 436 ha (1,080 acres) of the planned 1,000 ha of green space was created and 220,000 trees were planted, bringing
556-470: A gold medal, and 20 million yen (roughly US$ 180,000). The screening committee, which decides the recipients, is made up of religious leaders of international stature. They select the recipient from candidates who are nominated by religious leaders and others of intellectual stature around the world. The Tokyo -based Niwano Peace Foundation was initiated by the Japanese citizen Nikkyō Niwano , founder of
695-432: A lesser extent Chiba and Ibaraki . Tokyo has been hit by powerful megathrust earthquakes in 1703, 1782, 1812, 1855, 1923, and much more indirectly (with some liquefaction in landfill zones) in 2011 ; the frequency of direct and large quakes is a relative rarity. The 1923 earthquake , with an estimated magnitude of 7.9, killed more than 100,000 people, the last time the urban area was directly hit. Mount Fuji
834-475: A local government. The Tokyo Metropolitan Government administers the whole metropolis including the 23 special wards and the cities and towns that constitute the prefecture. It is headed by a publicly elected governor and metropolitan assembly. Its headquarters is in Shinjuku Ward. The governor of Tokyo is elected every four years. The incumbent governor, Yuriko Koike , was elected in 2016, following
973-517: A major shopping and entertainment center. Various plans have been proposed for transferring national government functions from Tokyo to secondary capitals in other regions of Japan, to slow down rapid development in Tokyo and revitalize economically lagging areas of the country. These plans have been controversial within Japan and have yet to be realized. On September 7, 2013, the IOC selected Tokyo to host
1112-593: A measure of both production and income, grew by 2.3% in 2017, vs. 1.5% in 2016 and 2.9% in 2015. Real GDP grew at a quarterly annualized rate of 2.2% in Q1 2018, 4.2% in Q2 2018, 3.4% in Q3 2018, and 2.2% in Q4 2018; the Q2 rate was the best growth rate since Q3 2014, and the overall yearly GDP growth of 2.9% in 2018 was the best performance of the economy in a decade. In 2020, the growth rate of
1251-587: A prefecture, with an accompanying Governor and Assembly taking precedence over the smaller municipal governments which make up the metropolis. Notable special wards in Tokyo include Chiyoda , the site of the National Diet Building and the Tokyo Imperial Palace ; Shinjuku , the city's administrative center; and Shibuya , a commercial, cultural, and business hub in the city. Before the 17th century, Tokyo, then known as Edo ,
1390-605: A recession in 2001 with an unusually slow jobs recovery, with the number of jobs not regaining the February 2001 level until January 2005. This "jobless recovery" overlapped with the building of a housing bubble and arguably a wider debt bubble, as the ratio of household debt to GDP rose from a record level of 70% in Q1 2001 to 99% in Q1 2008. Homeowners were borrowing against their bubble-priced homes to fuel consumption, driving up their debt levels while providing an unsustainable boost to GDP. When housing prices began falling in 2006,
1529-539: A result of the worldwide pandemic. Social distancing measures which took effect in March 2020, and which negatively impacted the demand for goods and services, resulted in the US GDP declining at a 4.8% annualized rate in the first quarter, the steepest pace of contraction in output since the fourth quarter of 2008. US retails sales dropped a record 8.7% in March alone. The US airline industry had also been hit hard, seeing
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#17327801596421668-697: A sharp decline in its revenues. The COVID-19 recession has been widely described as the most severe global economic downturn since the Great Depression and "far worse" than the Great Recession . In May 2020, CNN gave an analysis based on unemployment data that the US economy was perhaps the worst that it had been since the 1930s. By May 8, the US had reached a record 14.7 percent unemployment, with 20.5 million jobs lost in April. The Chairman of
1807-477: A tool for regulating the overall pace of economic activity. The U.S. economy grew by an average of 3.8% from 1946 to 1973, while real median household income surged by 74% (or 2.1% a year). Since the 1970s, several emerging countries have begun to close the economic gap with the United States. In most cases, this has been due to moving the manufacture of goods formerly made in the U.S. to countries where they could be made for sufficiently less money to cover
1946-490: A wetter summer and a drier winter. The growing season in Tokyo lasts for about 322 days from around mid-February to early January. Snowfall is sporadic, and occurs almost annually. Tokyo often sees typhoons every year, though few are strong. The wettest month since records began in 1876 was October 2004, with 780 millimeters (30 in) of rain, including 270.5 mm (10.65 in) on the ninth of that month. The most recent of four months on record to observe no precipitation
2085-530: A world city is said to have depreciated greatly during these three decades. Nonetheless, Tokyo still saw new urban developments during this period. Recent projects include Ebisu Garden Place, Tennōzu Isle , Shiodome , Roppongi Hills , Shinagawa , and the Marunouchi side of Tokyo Station . Land reclamation projects in Tokyo have also been going on for centuries. The most prominent is the Odaiba area, now
2224-704: Is Shofukuji in Higashi-Murayama . The current building was constructed in 1407, during the Muromachi period (1336–1573). Although greatly reduced in number by later fires, earthquakes, and air raids, a considerable number of Edo-era buildings survive to this day. The Tokyo Imperial Palace , which was occupied by the Tokugawa Shogunate as Edo Castle during the Edo Period (1603–1868), has many gates and towers dating from that era, although
2363-531: Is 40 m (131 ft). Chiba Prefecture borders it to the east, Yamanashi to the west, Kanagawa to the south, and Saitama to the north. Mainland Tokyo is further subdivided into the special wards (occupying the eastern half) and the Tama area ( 多摩地域 ) stretching westwards. Tokyo has a latitude of 35.65 (near the 36th parallel north ), which makes it more southern than Rome (41.90), Madrid (40.41), New York City (40.71) and Beijing (39.91). Within
2502-473: Is December 1995. Annual precipitation has ranged from 879.5 mm (34.63 in) in 1984 to 2,229.6 mm (87.78 in) in 1938. See or edit raw graph data . Tokyo's climate has warmed significantly since temperature records began in 1876. The western mountainous area of mainland Tokyo, Okutama also lies in the humid subtropical climate (Köppen classification: Cfa ). The climates of Tokyo's offshore territories vary significantly from those of
2641-713: Is a reference to the original settlement's location at the meeting of the Sumida River and Tokyo Bay . During the Meiji Restoration in 1868, the name of the city was changed to Tokyo ( 東京 , from 東 tō "east", and 京 kyō "capital") , when it became the new imperial capital, in line with the East Asian tradition of including the word capital ( 京 ) in the name of the capital city (for example, Kyoto ( 京都 ), Keijō ( 京城 ), Beijing ( 北京 ), Nanjing ( 南京 ), and Xijing ( 西京 )). During
2780-512: Is about 100 km (62 mi) southwest of Tokyo. There is a low risk of eruption. The last recorded was the Hōei eruption which started on December 16, 1707, and ended about January 1, 1708 (16 days). During the Hōei eruption, the ash amount was 4 cm in southern Tokyo (bay area) and 2 cm to 0.5 cm in central Tokyo. Kanagawa had 16 cm to 8 cm ash and Saitama 0.5 to 0 cm. If
2919-519: Is both the largest company and the largest private sector employer in the world. Walmart employs 2.1 million people worldwide and 1.4 million in the U.S. alone. There are nearly thirty million small businesses in the U.S.. Minorities such as Hispanics , African Americans, Asian Americans, and Native Americans (35% of the country's population), own 4.1 million of the nation's businesses. Minority-owned businesses generate almost $ 700 billion in revenue, and they employ almost five million workers in
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#17327801596423058-515: Is in the tropical savanna climate zone (Köppen classification: Aw ). Tokyo's Izu and Ogasawara islands are affected by an average of 5.4 typhoons a year, compared to 3.1 in mainland Kantō. Tokyo is near the boundary of three plates , making it an extremely active region for smaller quakes and slippage which frequently affect the urban area with swaying as if in a boat, although epicenters within mainland Tokyo (excluding Tokyo's 2,000 km (1,243 mi)–long island jurisdiction) are quite rare. It
3197-465: Is located on the Kantō Plain with five river systems and dozens of rivers that expand during each season. Important rivers are Edogawa , Nakagawa , Arakawa , Kandagawa , Megurogawa and Tamagawa . In 1947, Typhoon Kathleen struck Tokyo, destroying 31,000 homes and killing 1,100 people. In 1958, Typhoon Ida dropped 400 mm (16 in) of rain in a single week, causing streets to flood. In
3336-458: Is not uncommon in the metro area to have hundreds of these minor quakes (magnitudes 4–6) that can be felt in a single year, something local residents merely brush off but can be a source of anxiety not only for foreign visitors but for Japanese from elsewhere as well. They rarely cause much damage (sometimes a few injuries) as they are either too small or far away as quakes tend to dance around the region. Particularly active are offshore regions and to
3475-449: Is the de facto currency . Since the end of World War II , the economy has achieved relatively steady growth, low unemployment and inflation, and rapid advances in technology . The American economy is fueled by high productivity , well developed transportation infrastructure , and extensive natural resources . Americans have the sixth highest average household and employee income among OECD member states. In 2021, they had
3614-527: Is the third-smallest, above only Osaka and Kagawa . Its administrative structure is similar to that of Japan's other prefectures . The 23 special wards ( 特別区 , tokubetsu-ku ) , which until 1943 constituted the city of Tokyo , are self-governing municipalities , each having a mayor, a council, and the status of a city. In addition to these 23 special wards, Tokyo also includes 26 more cities ( 市 -shi ), five towns ( 町 -chō or machi ), and eight villages ( 村 -son or -mura ), each of which has
3753-441: Is the world's largest producer of petroleum and natural gas . In 2016, it was the world's largest trading country and second largest manufacturer , with American manufacturing making up a fifth of the global total. The U.S. not only has the largest internal market for goods, but also dominates the services trade. Total U.S. trade was $ 4.2 trillion in 2018. Of the world's 500 largest companies , 121 are headquartered in
3892-467: The 1973 oil crisis put an end to the rapid post-war recovery and development of Japan's economy, its position as the world's second-largest economy at the time had seemed secure by that point, remaining so until 2010 when it was surpassed by China . Tokyo's development was sustained by its status as the economic, political, and cultural hub of such a country. In 1978, after years of the intense Sanrizuka Struggle , Narita International Airport opened as
4031-613: The 2020 Summer Olympics . Thus, Tokyo became the first Asian city to host the Olympic Games twice. However, the 2020 Olympic Games were postponed and held from July 23 to August 8, 2021, as a result of the COVID-19 pandemic . Under Japanese law , the prefecture of Tokyo is designated as a to ( 都 ) , translated as metropolis . Tokyo Prefecture is the most populous prefecture and the densest, with 6,100 inhabitants per square kilometer (16,000/sq mi); by geographic area it
4170-580: The Arakawa River are most at risk of flooding. Tokyo's buildings are too diverse to be characterized by any specific archtectural style, but it can be generally said that a majority of extant structures were built in the past a hundred years; twice in recent history has the metropolis been left in ruins: first in the 1923 Great Kantō earthquake and later after extensive firebombing in World War II . The oldest known extant building in Tokyo
4309-480: The British Empire at the top. The economy maintained high wages, attracting immigrants by the millions from all over the world. In the 1820s and 1830s, mass production shifted much of the economy from artisans to factories. New government regulations strengthened patents. Early in the 19th century, more than 80 percent of Americans engaged in farming. Most of the manufacturing centered on the first stages of
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4448-599: The Buddhist lay organization Risshō Kōsei Kai ; he was one of the few non-Christian observers of the Second Vatican Council . His son, Nichiko Niwano , is his successor as chairman of the movement, which is dedicated to interreligious dialogue . Tokyo Tokyo , officially the Tokyo Metropolis , is the capital city of Japan . With a population of over 14 million residents within
4587-677: The Kasumigaseki district in Chiyoda, and the name Kasumigaseki is often used as a metonym for the Japanese national civil service . Tokyo has 25 constituencies for the House of Representatives , 18 of which were won by the ruling Liberal Democrats and 7 by the main opposition Constitutional Democrats in the 2021 general election . Apart from these seats, through the Tokyo proportional representation block , Tokyo sends 17 more politicians to
4726-705: The Lost Decades since the 1990s—when the Tokyo Stock Exchange (TSE) was the world's largest, with a market capitalization about 1.5 times that of the NYSE —the city is still a large financial hub, and the TSE remains among the world's top five major stock exchanges . Tokyo is categorized as an Alpha+ city by the Globalization and World Cities Research Network . The city is also recognized as one of
4865-537: The Meiji Period . Some gardens were immune from such fates and are today open to the public; Hamarikyu ( Kofu Tokugawa family ), Shibarikyu ( Kishu Tokugawa family ), Koishikawa Korakuen ( Mito Tokugawa family ), Rikugien ( Yanagisawa family ), and Higo Hosokawa Garden ( Hosokawa family ). The Akamon , which is now widely seen as a symbol of the University of Tokyo , was originally built to commemorate
5004-456: The Meiji Restoration . The high survival rate of concrete buildings promoted the transition from timber and brick architecture to modern, earthquake-proof construction. The Tokyo Metro Ginza Line portion between Ueno and Asakusa , the first underground railway line built outside Europe and the American continents, was completed on December 30, 1927. Although Tokyo recovered robustly from
5143-518: The Ministry of Finance were also relocated to Tokyo by 1871, and the first railway line in the country was opened on 14 October 1872, connecting Shimbashi ( Shiodome ) and Yokohama ( Sakuragicho ), which is now part of the Tokaido line . The 1870s saw the establishment of other institutions and facilities that now symbolize Tokyo, such as Ueno Park (1873), the University of Tokyo (1877) and
5282-507: The Ministry of Justice building (1895), the International Library of Children's Literature (1906) and Mistubishi building one (1894, rebuilt in 2010) are some of the few brick survivors from this period. It was regarded as fashionable by some members of the Japanese aristocracy to build their Tokyo residences in grand and modern styles, and some of these buildings still exist, although most are in private hands and open to
5421-515: The Ogasawara Islands , which had been under control of the US since the war ended, were returned in 1968. Ryokichi Minobe , a Marxian economist who served as the governor for 12 years starting in 1967, is remembered for his welfare state policy, including free healthcare for the elderly and financial support for households with children, and his ‘war against pollution’ policy, as well as the large government deficit they caused. Although
5560-726: The Shuto Expressway to meet the increased demand brought about by the 1964 Tokyo Olympics , the first Olympic Games held in Asia. Around this time, the 31-metre height restriction, imposed on all buildings since 1920, was relaxed due to the increased demand for office buildings and advancements in earthquake-proof construction. Starting with the Kasumigaseki Building (147 metres) in 1968, skyscrapers began to dominate Tokyo's skyline. During this period of rapid rebuilding, Tokyo celebrated its 500th anniversary in 1956 and
5699-439: The Tokyo Metropolis (東京都, Tōkyō-to ). This reorganization aimed to create a more centralized and efficient administrative structure to better manage resources, urban planning, and civil defence during wartime. The Tokyo Metropolitan Government thus became responsible for both prefectural and city functions while administering cities, towns, and villages in the suburban and rural areas. Although Japan enjoyed significant success in
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5838-831: The Tokyo Metropolitan Government Building (1991). Kisho Kurokawa was also active in the city, and his works there include the National Art Center (2005) and the Nakagin Capsule Tower (1972). Other notable contemporary buildings in Tokyo include the Tokyo Dome , Mode Gakuen Cocoon Tower , Roppongi Hills , Tokyo International Forum , and Asahi Beer Hall . As of October 2012, the official intercensal estimate showed 13.506 million people in Tokyo, with 9.214 million living within Tokyo's 23 wards. During
5977-424: The Tokyo Stock Exchange (1878). The rapid modernization of the country was driven from Tokyo, with its business districts such as Marunouchi filled with modern brick buildings and the railway network serving as a means to help the large influx of labour force needed to keep the development of the economy. The City of Tokyo was officially established on May 1, 1889. The Imperial Diet , the national legislature of
6116-501: The U.S. president and Congress . The "Baby Boom" saw a dramatic increase in fertility in the period 1942–1957; it was caused by delayed marriages and childbearing during the depression years, a surge in prosperity, a demand for suburban single-family homes (as opposed to inner city apartments), and new optimism about the future. The boom peaked around 1957 and then began to fade. A period of high inflation, interest rates, and unemployment after 1973 weakened confidence in fiscal policy as
6255-488: The US Federal Reserve , Jerome Powell , warned that it may take "an extended time" before the US economy fully recovers from weak economic growth, due to the pandemic, and that in the foreseeable future the US can expect "low productivity growth and stagnant incomes". By May 31, 2020, more than forty million Americans had filed for unemployment benefits. By June 2020, the slump in US continental flights due to
6394-462: The USMCA ), Australia, South Korea, Israel, and several others that are in effect or under negotiation. The U.S. has a highly flexible labor market , where the industry adheres to a hire-and-fire policy, and job security is relatively low. Among OECD nations, the U.S. has a highly efficient and strong social security system ; social expenditure stood at roughly 30% of GDP . The United States
6533-562: The University of Tokyo , the top-ranking university in the country. Tokyo Station is the central hub for the Shinkansen , Japan's high-speed railway network, and Shinjuku Station in Tokyo is the world's busiest train station. The city is home to the world's tallest tower, Tokyo Skytree . The Tokyo Metro Ginza Line , which opened in 1927, is the oldest underground metro line in Asia–Pacific . Tokyo's nominal gross domestic output
6672-492: The city proper as of 2023, it is one of the most populous cities in the world . The Greater Tokyo Area , which includes Tokyo and parts of six neighboring prefectures , is the most-populous metropolitan area in the world, with 41 million residents as of 2024 . Located at the head of Tokyo Bay , Tokyo is part of the Kantō region on the central coast of Honshu , Japan's largest island. Tokyo serves as Japan's economic center and
6811-547: The eighth highest per capita GDP (PPP) as of 2024. The U.S. accounted for 26% of the global economy in 2023 in nominal terms, and about 15.5% in PPP terms. The U.S. dollar is the currency of record most used in international transactions and is the world's reserve currency , backed by a large U.S. treasuries market , its role as the reference standard for the petrodollar system , and its linked eurodollar . Several countries use it as their official currency and in others it
6950-410: The financial crisis of 2007–2008 , when GDP fell by 5.0% from the spring of 2008 to the spring of 2009. Other significant recessions took place in 1957–1958, when GDP fell 3.7% following the 1973 oil crisis , with a 3.1% fall from late 1973 to early 1975, and in the 1981–1982 recession, when GDP dropped by 2.9%. Recent, mild recessions have included the 1990–1991 downturn, when output fell by 1.3%, and
7089-557: The 1930s but canceled due to the war. However, due to the monetary contraction policy known as the Dodge Line , named after Joseph Dodge , the neoliberal economic advisor to MacArthur, the plan had to be reduced to a minimal one focusing on transport and other infrastructure. In 1947, the 35 pre-war special wards were reorganized into the current 23 wards . Tokyo did not experience fast economic growth until around 1950, when heavy industry output returned to pre-war levels. Since around
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#17327801596427228-547: The 1950s and 1960s, the government invested 6–7% of the national budget on disaster and risk reduction. A huge system of dams, levees and tunnels was constructed. The purpose is to manage heavy rain, typhonic rain, and river floods. Tokyo has currently the world's largest underground floodwater diversion facility called the Metropolitan Area Outer Underground Discharge Channel (MAOUDC). It took 13 years to build and
7367-538: The 1960s, 2.1% in the 1970s, 2.4% in the 1980s, 2.2% in the 1990s, 0.7% in the 2000s, and 0.9% from 2010 to 2017. Reasons for slower growth since 2000 are debated by economists and may include aging demographics, slower population and growth in labor force, slower productivity growth, reduced corporate investment, greater income inequality reducing demand, lack of major innovations, and reduced labor power. The U.S. ranked 20th out of 220 countries in GDP per capita in 2017. Among
7506-437: The 19th century, recessions frequently coincided with financial crises . The Panic of 1837 was followed by a five-year depression, marked by bank failures and unprecedented unemployment. Because of the great changes in the economy over the centuries, it is difficult to compare the severity of modern recessions to that of early recessions. Recessions after World War II appear to have been less severe than earlier recessions, but
7645-417: The 2001 recession, in which GDP slid by 0.3%; the 2001 downturn lasted just eight months. The most vigorous, sustained periods of growth, on the other hand, took place from early 1961 to mid-1969, with an expansion of 53% (5.1% a year), from mid-1991 to late 2000, at 43% (3.8% a year), and from late 1982 to mid-1990, at 37% (4% a year). Debt held by the public, a measure of national debt, has risen throughout
7784-469: The 21st century. Rising from 31% in 2000 to 52% in 2009, and reaching 77% of GDP in 2017, the U.S. ranked 43rd highest in debt out of 207 countries. In the first two quarters of 2020 amid Donald Trump 's presidency, the U.S. economy suffered major setbacks beginning in March 2020, due to the novel coronavirus and having to "shut-down" major sectors of the American economy. As of March 2020, US exports of automobiles and industrial machines had plummeted as
7923-679: The 26th Centenary of the Enthronement of Emperor Jimmu celebrations took place on a grand scale to boost morale and increase the sense of national identity in the same year. On 8 December 1941, Japan attacked the American bases at Pearl Harbor in Hawaii , entering the Second World War against the Allied Powers . The wartime regime greatly affected life in the city. In 1943, Tokyo City merged with Tokyo Prefecture to form
8062-676: The Federal Reserve's 2% target rate. The following table shows the main economic indicators in 1980–2023 (with IMF staff estimates in 2024–2028). Inflation below 5% is in green. (in Bil. US$ PPP) (in US$ PPP) (in Bil. US$ nominal) (in US$ nominal) (real) (in Percent) (in Percent) (in % of GDP) U.S. nominal GDP was $ 19.5 trillion in 2017,
8201-458: The GDP has started to drop as a result of the COVID-19 pandemic , resulting in the GDP shrinking at a quarterized annual growth rate of −5.0% in Q1 2020 and −32.9% in Q2 2020, respectively. As of 2014, China passed the U.S. as the largest economy in GDP (PPP) terms, measured at purchasing power parity conversion rates. The U.S. had the highest GDP (PPP) figures for more than a century prior to that milestone; China has more than tripled
8340-452: The House of Representatives, 6 of whom were members of the ruling LDP in the 2021 election. The Tokyo at-large district , which covers the entire metropolis, sends 12 members to the House of Councillors . The mainland portion of Tokyo lies northwest of Tokyo Bay and measures about 90 km (56 mi) east to west and 25 km (16 mi) north to south. The average elevation in Tokyo
8479-542: The Meiji government, Edo was renamed Tokyo (Eastern Capital) on 3 September 1868. Emperor Meiji visited the city once at the end of that year and eventually moved there in 1869. Tokyo had already been the nation's political center for nearly three centuries, and the emperor's residence made it a de facto imperial capital as well, with the former Edo Castle becoming the Imperial Palace . Government ministries such as
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#17327801596428618-641: The Mitsui Headquarters (1929), Mitsukoshi Nihonbashi flagship store (1914, refurbished in 1925), Takashimaya Nihonbashi flagship store (1932), Wako in Ginza (1932) and Isetan Shinjuku flagship store (1933). This spread of earthquake and fire-resistant architecture reached council housing too, most notably the Dōjunkai apartments . The 1930s saw the rise of styles that combined characteristics of both traditional Japanese and modern designs. Chuta Ito
8757-400: The U.S. Americans have the highest average employee income among OECD nations. The median household income in the U.S. as of 2008 is $ 52,029. About 284,000 working people in the U.S. have two full-time jobs and 7.6 million have part-time ones in addition to their full-time employments. Out of all working individuals in the U.S. , 12% belong to a labor union and most union members work for
8896-464: The U.S. The U.S. has the world's highest number of billionaires , with total wealth of $ 3.0 trillion. U.S. commercial banks had $ 22.9 trillion in assets in December 2022. U.S. global assets under management had more than $ 30 trillion in assets. During the Great Recession of 2008, the U.S. economy suffered a significant decline. The American Reinvestment and Recovery Act
9035-506: The U.S. growth rate for each of the past 40 years. As of 2017, the European Union as an aggregate had a GDP roughly 5% larger than the U.S., although the former is a political union not a country. The United States', however, remained the world's largest economy with the highest nominal GDP. Real GDP per capita (measured in 2009 dollars) was $ 52,444 in 2017 and has been growing each year since 2010. It grew 3.0% per year on average in
9174-426: The U.S. labor force in 2017, the fourth largest labor force in the world behind China, India, and the European Union. The government (federal, state and local) employed 22 million in 2010. Small businesses are the nation's largest employer, representing 37% of American workers. The second-largest share of employment belongs to large businesses employing 36% of the U.S. workforce. White collar workers comprise 44% of
9313-426: The US dollar, had a devastating effect on Japan's manufacturing sector, particularly affecting small to mid-size companies based in Tokyo. This led the government to adopt a domestic-demand-focused economic policy, ultimately causing an asset price bubble . Land redevelopment projects were planned across the city, and real estate prices skyrocketed. By 1990, the estimated value of the Imperial Palace surpassed that of
9452-520: The US seized control of the Mariana Islands . From these islands, newly developed long-range B-29 bombers could conduct return journeys. The bombing of Tokyo in 1944 and 1945 is estimated to have killed between 75,000 and 200,000 civilians and left more than half of the city destroyed. The deadliest night of the war came on March 9–10, 1945, the night of the American " Operation Meetinghouse " raid. Nearly 700,000 incendiary bombs were dropped on
9591-477: The United States relating to the increased performance pressure from management, and the hardships imposed on employees such as toxic working environments, precarity , and long hours, could be responsible for 120,000 excess deaths annually, making the workplace the fifth leading cause of death in the United States. As of December 2017, the unemployment rate in the U.S. was 4.1% or 6.6 million people. The government's broader U-6 unemployment rate, which includes
9730-577: The administrative boundaries of Tokyo Metropolis are two island chains in the Pacific Ocean directly south: the Izu Islands , and the Ogasawara Islands , which stretch more than 1,000 km (620 mi) away from the mainland. Because of these islands and the mountainous regions to the west, Tokyo's overall population density figures far under-represent the real figures for the urban and suburban regions of Tokyo. The former city of Tokyo and
9869-478: The area that had been Tokyo City until 1943, 30 other municipalities are located in the Tama area , and the remaining 9 are on Tokyo's outlying islands. Tokyo has enacted a measure to cut greenhouse gases. Governor Shintaro Ishihara created Japan's first emissions cap system , aiming to reduce greenhouse gas emission by a total of 25% by 2020 from the 2000 level. Tokyo is an example of an urban heat island , and
10008-406: The bankruptcy of Lehman Brothers and bailouts of several other financial institutions. The Bush administration (2001–2009) and Obama administrations (2009–2017) applied banking bailout programs and Keynesian stimulus via high government deficits, while the Federal Reserve maintained near-zero interest rates. These measures helped the economy recover, as households paid down debts in 2009–2012,
10147-546: The city is home to 29 of the world's 500 largest companies, as listed in the annual Fortune Global 500 ; the second-highest number of any city. In the 20th and 21st centuries, Tokyo became the first city in Asia to host the Summer Olympics and Paralympics in 1964, and again in 2021, and it also hosted three G7 summits in 1979, 1986, and 1993. Tokyo is an international research and development hub and an academic center with several major universities , including
10286-562: The city. The climate of Chichijima in Ogasawara village is on the boundary between the tropical savanna climate (Köppen classification: Aw ) and the tropical rainforest climate (Köppen classification: Af ). It is approximately 1,000 km (621 mi) south of the Greater Tokyo Area , resulting in much different climatic conditions. Tokyo's easternmost territory, the island of Minamitorishima in Ogasawara village ,
10425-457: The coronavirus pandemic had resulted in the US government temporarily halting service of fifteen US airlines to 75 domestic airports. The New York Times reported on June 10, 2020, that "the United States budget deficit grew to a record $ 1.88 trillion for the first eight months of this fiscal year ." The US economy recovered from the COVID-19 pandemic in 2021, growing by 5.7%, which
10564-434: The cost of shipping plus a higher profit. In other cases, some countries have gradually learned to produce the same products and services that previously only the U.S. and a few other countries could produce. Real income growth in the U.S. has slowed. In the 1970s and 1980s, it was popular in the U.S. to believe that Japan's economy would surpass that of the U.S., but this did not occur. The United States economy experienced
10703-636: The country, leading to Japan joining the Second World War as an Axis power . Due to the country's political isolation on the international stage caused by its military aggression in China and the increasingly unstable geopolitical situations in Europe, Тоkуо had to give up hosting the 1940 Summer Olympics in 1938. Rationing started in June 1940 as the nation braced itself for another world war, while
10842-524: The country, was established in Tokyo in 1889, and it has ever since been operating in the city. On 1 September 1923, the Great Kanto Earthquake struck the city, and the earthquake and subsequent fire killed an estimated 105,000 citizens. The loss amounted to 37 percent of the country's economic output. On the other hand, the destruction provided an opportunity to reconsider the planning of the city, which had changed its shape hastily after
10981-442: The daytime, the population swells by over 2.5 million as workers and students commute from adjacent areas. This effect is even more pronounced in the three central wards of Chiyoda , Chūō , and Minato , whose collective population as of the 2005 National Census was 326,000 at night, but 2.4 million during the day. According to April 2024 official estimates, Setagaya (942,003), Nerima (752,608), and Ota (748,081) were
11120-460: The early Meiji period , the city was sometimes called "Tōkei", an alternative pronunciation for the same characters representing "Tokyo", making it a kanji homograph . Some surviving official English documents use the spelling "Tokei"; however, this pronunciation is now obsolete. Tokyo was originally a village called Edo , part of the old Musashi Province . Edo was first fortified by the Edo clan in
11259-515: The earthquake and new cultural and liberal political movements, such as Taishō Democracy , spread, the 1930s saw an economic downturn caused by the Great Depression and major political turmoil. Two attempted military coups d'état happened in Tokyo, the May 15 incident in 1932 and the February 26 incident in 1936. This turmoil eventually allowed the military wings of the government to take control of
11398-482: The east end of the city ( shitamachi , 下町), an area with a high concentration of factories and working-class houses. Two-fifths of the city were completely burned, more than 276,000 buildings were destroyed, 100,000 civilians were killed, and 110,000 more were injured. Numerous Edo and Meiji-era buildings of historical significance were destroyed, including the main building of the Imperial Palace , Sensō-ji , Zōjō-ji , Sengaku-ji and Kabuki-za . Between 1940 and 1945,
11537-482: The economy. The U.S. has produced the world's highest number of Nobel laureates in the economics field. It is also the world's fourth largest high-technology exporter . The U.S. ranks second in the world by number of patent applications . Consumer spending comprised 68% of the U.S. economy in 2022, while its labor share of income was 44% in 2021. The U.S. has the world's largest consumer market . The nation's labor market has attracted immigrants from all over
11676-521: The entire state of California . The Tokyo Stock Exchange became the largest stock exchange in the world by market capitalization, with the Tokyo-based NTT becoming the most highly valued company globally. After the bubble burst in the early 1990s, Japan experienced a prolonged economic downturn called the " Lost Decades ", which was charactized by extremely low or negative economic growth, deflation, stagnant asset prices. Tokyo's status as
11815-517: The five-storey pagoda and the Shimizudo. The Nezu Shrine and Gokokuji were built by the fifth shogun Tsunayoshi Tokugawa in the late 1600s. All feudal lords ( daimyo ) had large Edo houses where they stayed when in Edo; at one point, these houses amounted to half the total area of Edo. None of the grand Edo-era daimyo houses still exist in Tokyo, as their vast land footprint made them easy targets for redevelopment programs for modernization during
11954-438: The government. The decline of union membership in the U.S. over the last several decades parallels that of labor's share of the economy. The World Bank ranks the United States first in the ease of hiring and firing workers. The United States is the only advanced economy that does not legally guarantee its workers paid vacation or paid sick days , and is one of just a few countries in the world without paid family leave as
12093-530: The highest median household income . The U.S. has one of the world's highest income inequalities among the developed countries . The largest U.S. trading partners are Canada , Mexico , China , Japan , Germany , South Korea , the United Kingdom , Taiwan , India , and Vietnam . The U.S. is the world's largest importer and second largest exporter . It has free trade agreements with several countries , including Canada and Mexico (through
12232-546: The initial stages of the war and rapidly expanded its sphere of influence, the Doolittle Raid on 18 April 1942, marked the first direct foreign attack on Tokyo. Although the physical damage was minimal, the raid demonstrated the vulnerability of the Japanese mainland to air attacks and boosted American morale. Large-scale Allied air bombing of cities in the Japanese home islands, including Tokyo, began in late 1944 when
12371-432: The largest in the world. Annualized, nominal GDP reached $ 20.1 trillion in Q1 2018, the first time it exceeded $ 20 trillion. About 70% of U.S. GDP is personal consumption, with business investment 18%, government 17% (federal, state and local but excluding transfer payments such as Social Security, which is in consumption) and net exports a negative 3% due to the U.S. trade deficit. Real gross domestic product ,
12510-409: The last decade. The proportion of Americans employed by small business versus large business has remained relatively the same year by year as some small businesses become large businesses and just over half of small businesses survive for more than five years. Amongst large businesses, several of the largest companies and employers in the world are American companies. Amongst them are Walmart , which
12649-450: The late twelfth century. In 1457, Ōta Dōkan built Edo Castle to defend the region from the Chiba clan . After Dōkan was assassinated in 1486, the castle and the area came to be possessed by several feudal lords. In 1590, Tokugawa Ieyasu was granted the Kantō region by Toyotomi Hideyoshi and moved there from his ancestral land of Mikawa Province . He greatly expanded the castle, which
12788-553: The latter is the tallest tower in both Japan and the world, and the second tallest structure in the world after the Burj Khalifa in Dubai . With a scheduled completion date in 2027, Torch Tower (385m) will overtake Azabudai Hills Mori JP Tower (325.2m) as the tallest building in Tokyo. Kenzo Tange designed notable contemporary buildings in Tokyo, including Yoyogi National Gymnasium (1964), St. Mary's Cathedral (1967), and
12927-646: The main palace buildings and the tenshu tower have been lost. Numerous temple and shrine buildings in Tokyo date from this era: the Ueno Toshogu still maintains the original 1651 building built by the third shogun Iemitsu Tokugawa . Although partially destroyed during the Second World War, Zojo-ji , which houses the Tokugawa family mausoleum, still has grand Edo-era buildings such as the Sangedatsu gate. Kaneiji has grand 17th-century buildings such as
13066-437: The majority of Tokyo prefecture lie in the humid subtropical climate zone ( Köppen climate classification : Cfa ), with hot, humid summers and mild to cool winters with occasional cold spells. The region, like much of Japan, experiences a one-month seasonal lag . The warmest month is August, which averages 26.9 °C (80.4 °F). The coolest month is January, averaging 5.4 °C (41.7 °F). The record low temperature
13205-422: The majority of its resources to rebuilding in the wake of the consistent fires, earthquakes , and other devastating natural disasters that plagued the city. Edo grew into one of the largest cities in the world with a population reaching one million by the 18th century. This prolonged period of seclusion however came to an end with the arrival of American Commodore Matthew C. Perry in 1853. Commodore Perry forced
13344-459: The marriage of a shogun's daughter into the Maeda clan , one of the most affluent of the feudal lords, while the campus itself occupies their former edo estate. The Meiji era saw a rapid modernization in architectural styles as well; until the Great Kanto Earthquake in 1923 exposed their weakness to seimic shocks, grand brick buildings were constantly built across the city. Tokyo Station (1914),
13483-572: The modern U.S. Presidents, Bill Clinton had the highest cumulative percent real GDP increase during his two terms, Reagan second and Obama third. The development of the nation's GDP according to World Bank : U.S. real GDP grew by an average of 1.7% from 2000 to the first half of 2014, a rate around half the historical average up to 2000. Nominal GDP sector composition, 2015 (in millions of dollars) at 2005 constant prices Nominal GDP Sector Composition, 2016 (in millions of dollars) at current prices. There were approximately 160.4 million people in
13622-546: The money supply, which also encouraged more spending. Ideas about the best tools for stabilizing the economy changed substantially between the 1930s and the 1980s. From the New Deal era that began in 1933 to the Great Society initiatives of the 1960s, national policymakers relied principally on fiscal policy to influence the economy. During the world wars of the twentieth century, the United States fared better than
13761-413: The most populous wards and municipalities in Tokyo. The least inhabited of all Tokyo municipalities are remote island villages such as Aogashima (150), Mikurajima (289), and Toshima (306). In 2021, Tokyo's average and median ages were both 45.5 years old. This is below the national median age of 49.0, placing Tokyo among the youngest regions in Japan. 16.8% of the population was below 15, while 34.6%
13900-408: The new gateway to the city, while the relatively small Haneda Airport switched to primarily domestic flights. West Shinjuku , which had been occupied by the vast Yodobashi Water Purification Centre until 1965, became the site of an entirely new business district characterized by skyscrapers surpassing 200 metres during this period. The American-led Plaza Accord in 1985, which aimed to depreciate
14039-516: The only years since 1947 where this occurred, presenting a significant barrier to recovery. Real GDP regained its pre-crisis (late 2007) peak by 2011, household net worth by Q2 2012, non-farm payroll jobs by May 2014, and the unemployment rate by September 2015. Each of these variables continued into post-recession record territory following those dates, with the U.S. recovery becoming the second longest on record in April 2018. A significant recession, as defined lost economic output, occurred during
14178-553: The opening of the ports of Shimoda and Hakodate , leading to an increase in the demand for new foreign goods and subsequently a severe rise in inflation. Social unrest mounted in the wake of these higher prices and culminated in widespread rebellions and demonstrations, especially in the form of the "smashing" of rice establishments. Meanwhile, supporters of the Emperor leveraged the disruption caused by widespread rebellious demonstrations to further consolidate power, which resulted in
14317-554: The overthrow of the Tokugawa shogunate , for the first time in a few centuries, the Emperor ceased to be a mere figurehead and became both the de facto and de jure ruler of the country. Hisoka Maejima advocated for the relocation of the capital functions to Tokyo, recognizing the advantages of the existing infrastructure and the vastness of the Kanto Plain compared to the relatively small Kyoto basin . After being handed over to
14456-638: The overthrow of the last Tokugawa shōgun, Yoshinobu , in 1867. After 265 years, the Pax Tokugawa came to an end. In May 1868, Edo castle was handed to the Emperor-supporting forces after negotiation (the Fall of Edo ). Some forces loyal to the shogunate kept fighting, but with their loss in the Battle of Ueno on 4 July 1868, the entire city came under the control of the new government . After
14595-602: The part-time underemployed , was 8.1% or 8.2 million people. These figures were calculated with a civilian labor force of approximately 160.6 million people, relative to a U.S. population of approximately 327 million people. Between 2009 and 2010, following the Great Recession, the emerging problem of jobless recoveries resulted in record levels of long-term unemployment with more than six million workers looking for work for more than six months as of January 2010. This particularly affected older workers. A year after
14734-489: The phenomenon is especially serious in its special wards. According to the Tokyo Metropolitan Government, the annual mean temperature has increased by about 3 °C (5.4 °F) over the past 100 years. Tokyo has been cited as a "convincing example of the relationship between urban growth and climate". In 2006, Tokyo enacted the "10 Year Project for Green Tokyo" to be realized by 2016. It set
14873-576: The population of Tokyo dwindled from 6,700,000 to less than 2,800,000, as soldiers were sent to the front and children were evacuated. After the war, Tokyo became the base from which the Allied Occupation Forces , under Douglas MacArthur , an American general, administered Japan for six years. The original rebuilding plan of Tokyo was based on a plan modelled after the Metropolitan Green Belt of London , devised in
15012-866: The public on limited occasions. Aristocratic residences today open to the public include the Marquess Maeda residence in Komaba , the Baron Iwasaki residence in Ikenohata and the Baron Furukawa residence in Nishigahara. The Great Kanto Earthquake in 1923 ushered in an era of concrete architecture. Surviving reinforced concrete buildings from this era include the Meiji Insurance Headquarters (completed in 1934),
15151-588: The reasons for this are unclear. At the beginning of the century, new innovations and improvements in existing innovations opened the door for improvements in the standard of living among American consumers. Many firms grew large by taking advantage of economies of scale and better communication to run nationwide operations. Concentration in these industries raised fears of monopolies that would drive prices higher and output lower, but many of these firms were cutting costs so fast that trends were towards lower prices and more output in these industries. Many workers shared
15290-568: The recession ended in June 2009, immigrants gained 656,000 jobs in the U.S., while U.S.-born workers lost more than a million jobs, due in part to an aging country (relatively more white retirees) and demographic shifts. In April 2010, the official unemployment rate was 9.9%, but the government's broader U-6 unemployment rate was 17.1%. Between February 2008 and February 2010, the number of people working part-time for economic reasons (i.e., would prefer to work full-time) increased by 4.0 million to 8.8 million, an 83% increase in part-time workers during
15429-553: The resignation of her predecessor, Yoichi Masuzoe . She was re-elected in 2020 and in 2024. The legislature of the Metropolis is called the Metropolitan Assembly , and it has one house with 127 seats. The assembly is responsible for enacting and amending prefectural ordinances, approving the budget (8.5 trillion yen in fiscal 2024), and voting on important administrative appointments made by the governor, including
15568-540: The rest of the combatants because none of the First World War and relatively little of the Second World War were fought on American territory (and none on the then-48 states). Yet, even in the United States, the wars meant sacrifice. During the peak of Second World War activity, nearly 40 percent of U.S. GDP was devoted to war production. Decisions about large swaths of the economy were largely made for military purposes, and nearly all relevant inputs were allocated to
15707-624: The rising eurozone unemployment rate in the mid-1980s and has remained significantly lower almost continuously since. In 1955, 55% of Americans worked in services, between 30% and 35% in industry, and between 10% and 15% in agriculture . By 1980, over 65% were employed in services, between 25% and 30% in industry, and less than 5% in agriculture. Male unemployment continued to be significantly higher than those of females (at 9.8% vs. 7.5% in 2009). The unemployment among Caucasians continues being much lower than those for African-Americans (at 8.5% vs. 15.8% also in 2009). The youth unemployment rate
15846-539: The seat of both the Japanese government and the Emperor of Japan . The Tokyo Metropolitan Government administers Tokyo's central 23 special wards (which formerly made up Tokyo City ), various commuter towns and suburbs in its western area , and two outlying island chains known as the Tokyo Islands . Despite most of the world recognizing Tokyo as a city, since 1943 its governing structure has been more akin to
15985-460: The success of these large firms, which typically offered the highest wages in the world. The United States has been the world's largest national economy in terms of GDP since around 1890. For many years following the Great Depression of the 1930s, when the danger of recession appeared most serious, the government strengthened the economy by spending heavily itself or cutting taxes so that consumers would spend more and by fostering rapid growth in
16124-486: The time the Allied occupation of Japan ended in 1952, Tokyo's focus shifted from rebuilding to developing beyond its pre-war stature. From the 1950s onwards, Tokyo's Metro and railway network saw significant expansion, culminating in the launch of the world's first dedicated high-speed railway line, the Shinkansen , between Tokyo and Osaka in 1964. The same year saw the development of other transport infrastructure such as
16263-514: The total to 700,000. As of 2014 , roadside trees in Tokyo have increased to 950,000, and a further 300 ha (740 acres) of green space has been added. Tokyo is the seat of all three branches of government : the legislature ( National Diet ), the executive ( Cabinet led by the Prime Minister ), and the judiciary ( Supreme Court of Japan ), as well as the Emperor of Japan , the head of state. Most government ministries are concentrated in
16402-448: The trade of the colonies. These 13 colonies gained independence from the British Empire in the late 18th century and quickly grew from colonial economies towards an economy focused on agriculture . In 180 years, the United States grew to become a huge, integrated, and industrialized economy, which made up about a fifth of the world economy . In that process, the U.S. GDP per capita rose past that of many other countries, supplanting
16541-455: The transformation of raw materials, with lumber and sawmills, textiles, and boots and shoes leading the way. The rich natural resources contributed to the rapid economic expansion of the nineteenth century. Ample land allowed the number of farmers to keep growing; but activity in manufacturing, services, transportation, and other sectors grew much faster, so that by 1860 the population was only about 50 percent rural, down from over 80 percent. In
16680-426: The two-year period. By 2013, although the unemployment rate had fallen below 8%, the record proportion of long term unemployed and continued decreasing household income remained indicative of a jobless recovery. However, the number of payroll jobs returned to its pre-recession (November 2007) level by May 2014 as the economy recovered. After being higher in the post-war period, the U.S. unemployment rate fell below
16819-472: The value of securities backed by mortgages fell dramatically, causing the equivalent of a bank run in the essentially unregulated non-depository banking system, which had outgrown the traditional, regulated depository banking system. Many mortgage companies and other non-depository banks (e.g., investment banks) faced a worsening crisis in 2007–2008, with the banking crisis peaking in September 2008, with
16958-462: The vice governors. Its members are also elected on a four-year cycle. Since the completion of the Great Mergers of Heisei in 2001, Tokyo consists of 62 municipalities : 23 special wards , 26 cities , 5 towns and 8 villages . All municipalities in Japan have a directly elected mayor and a directly elected assembly, each elected on independent four-year cycles. The 23 Special Wards cover
17097-443: The war effort. Many goods were rationed, prices and wages controlled, and many durable consumer goods were no longer produced. Large segments of the workforce were inducted into the military and paid half their wages; roughly half of those were sent into harm's way. The approach, advanced by British economist John Maynard Keynes , gave elected officials a leading role in directing the economy since spending and taxes are controlled by
17236-441: The wind blows north-east it could send volcanic ash to Tokyo metropolis. According to the government, less than a millimeter of the volcanic ash from a Mount Fuji eruption could cause power grid problems such as blackouts and stop trains in the Tokyo metropolitan area. A mixture of ash with rain could stick to cellphone antennas, power lines and cause temporary power outages. The affected areas would need to be evacuated. Tokyo
17375-427: The workforce as of 2022, up from 34% in 2000. The nation's private sector employs 85% of working Americans. Government accounts for 14% of all U.S. workers. Over 99% of all private employing organizations in the U.S. are small businesses. The 30 million small businesses in the U.S. account for 64% of newly created jobs (those created minus those lost). Jobs in small businesses accounted for 70% of those created in
17514-720: The world and its net migration rate is among the highest in the world. The U.S. is one of the top-performing economies in studies such as the Ease of Doing Business Index , the Global Competitiveness Report , and others. The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia, and most frequently Europe, contributed to
17653-487: The world's most livable ones; it was ranked fourth in the world in the 2021 edition of the Global Livability Ranking . Tokyo has also been ranked as the safest city in the world in multiple international surveys. Tokyo was originally known as Edo ( 江戸 ) , a kanji compound of 江 ( e , "cove, inlet") and 戸 ( to , "entrance, gate, door"). The name, which can be translated as " estuary ",
17792-564: Was 113.7 trillion yen or US$ 1.04 trillion in FY2021 and accounted for 20.7% of the country's total economic output, which converts to 8.07 million yen or US$ 73,820 per capita. Including the Greater Tokyo Area, Tokyo is the second-largest metropolitan economy in the world after New York , with a 2022 gross metropolitan product estimated at US$ 2.08 trillion. Although Tokyo's status as a leading global financial hub has diminished with
17931-507: Was English (209 residents), followed by American (182) and Chinese nationals (137). Economy of the United States Employment The United States is a highly developed mixed economy . It is the world's largest economy by nominal GDP ; it is also the second largest by purchasing power parity (PPP), behind China . It has the world's sixth highest per capita GDP (nominal) and
18070-871: Was a leading figure in this movement, and his extant works in Tokyo include Tsukiji Hongan-ji (1934). The Imperial Crown Style , which often features Japanese-style roofs on top of elevated concrete structures, was adopted for the Tokyo National Museum in Ueno and the Kudan Hall in Kudanminami . Since the 30-metre height restriction was lifted in the 1960s, Tokyo's most dense areas have been dominated by skyscrapers. As of May 2024, there are at least 184 buildings exceeding 150 metres (492 feet) in Tokyo. Apart from these, Tokyo Tower (333m) and Tokyo Sky Tree (634m) feature high-elevation observation decks;
18209-622: Was above 65. In the same year, the youngest municipalities in Tokyo were Mikura-jima (average age 40.72), Chuo (41.92), and Chiyoda (42.07), while the oldest included Okutama (59.11) and Miyake (53.82). In 1889, the Home Ministry recorded 1,375,937 people in Tokyo City and a total of 1,694,292 people in Tokyo-fu . In the same year, a total of 779 foreign nationals were recorded as residing in Tokyo. The most common nationality
18348-514: Was based in Kyoto from 794 to 1868, so Edo was still not the capital of Japan. During the Edo period , the city enjoyed a prolonged period of peace known as the Pax Tokugawa , and in the presence of such peace, the shogunate adopted a stringent policy of seclusion, which helped to perpetuate the lack of any serious military threat to the city. The absence of war-inflicted devastation allowed Edo to devote
18487-539: Was completed in 2006. The MAOUDC is a 6.3 km (3.9 mi) long system of tunnels, 22 meters (72 ft) underground, with 70-meter (230 ft) tall cylindrical tanks, each tank being large enough to fit a space shuttle or the Statue of Liberty. During floods, excess water is collected from rivers and drained to the Edo River . Low-lying areas of Kōtō , Edogawa , Sumida , Katsushika , Taitō and Arakawa near
18626-486: Was damaged substantially by the Great Kantō earthquake , and the city was later badly damaged by allied bombing raids during World War II . Beginning in the late 1940s, Tokyo underwent rapid reconstruction and expansion that contributed to the era's so-called Japanese economic miracle in which Japan's economy propelled to the second-largest in the world at the time behind that of the United States . As of 2023 ,
18765-683: Was enacted by the United States Congress, and in the ensuing years the U.S. experienced the longest economic expansion on record by July 2019. The New York Stock Exchange and Nasdaq are the world's largest stock exchanges by market capitalization and trade volume . The U.S. has the world's largest gold reserve , with over 8,000 tonnes of gold. In 2014, the U.S. economy was ranked first in international ranking on venture capital and global research and development funding. The U.S. spends around 3.46% of GDP on cutting-edge research and development across various sectors of
18904-554: Was its best performance since Ronald Reagan 's presidency (1981–1989). 2021–2022 marked a historical inflation surge in the United States, with the Consumer Price Index inflation rate hitting 9.1% higher in June 2022 than June 2021, constituting a 41-year high inflation rate with critics blaming the Federal Reserve among other factors. Inflation rate reached 4.9% in April 2023, which was roughly 3% above
19043-404: Was mainly a fishing village. It gained political prominence in 1603 when it became the seat of the Tokugawa shogunate . By the mid-18th century, Edo was among the world's largest cities, with over a million residents. Following the Meiji Restoration in 1868, the imperial capital in Kyoto was moved to Edo, and the city was renamed Tokyo ( lit. ' Eastern Capital ' ). In 1923, Tokyo
19182-486: Was said to have been abandoned and in tatters when he moved there, and ruled the region from there. When he became shōgun , the de facto ruler of the country, in 1603, the whole country came to be ruled from Edo. While the Tokugawa shogunate ruled the country in practice, the Imperial House of Japan was still the de jure ruler, and the title of shōgun was granted by the Emperor as a formality. The Imperial House
19321-407: Was −9.2 °C (15.4 °F) on January 13, 1876. The record high was 39.5 °C (103.1 °F) on July 20, 2004. The record highest low temperature is 30.3 °C (86.5 °F), on August 12, 2013, making Tokyo one of only seven observation sites in Japan that have recorded a low temperature over 30 °C (86.0 °F). Annual rainfall averages nearly 1,600 millimeters (63.0 in), with
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