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Foreign Bankers Are Fleeing Tokyo As Nuclear Crisis Grows
- Thread starter bearice
- Start date
Tokyo proper is around 13 million. If you include surrounding areas the population numbers add up to being higher than the 13 mil of course.
It would be like including in the population of NYC all the other boroughs like Queens, Staten Island, Long Island, Bronx, and Northern New Jersey etc. Or saying the populations is such and such a number for San Francisco by including the entire Bay area, ie, Oakland, Berkley, Richmond, Sausalito, Marin county etc etc.
As of October 2007, the official intercensal estimate showed 12.79 million people in Tokyo with 8.653 million living within Tokyo's 23 wards.[1] During 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, Chà «à Â, and Minato, whose collective population as of the 2005 National Census was 326,000 at night, but 2.4 million during the day.[1]
The entire prefecture had 12,790,000 residents in October 2007 (8,653,000 in 23 wards), with an increase of over 3 million in the day. Tokyo is at its highest population ever, while that of the 23 wards peak official count was 8,893,094 in the 1965 Census, with the count dipping below 8 million in the 1995 Census.[citation needed] People continue to move back into the core city as land prices have fallen dramatically.[citation needed]
As of 2005, the most common foreign nationalities found in Tokyo are Chinese (123,661), Korean (106,697), Filipino (31,077), American (18,848), British (7,696), Brazilian (5,300) and French (3,000).[40]
The 1889 Census[citation needed] recorded 1,389,600 people in Tokyo City, Japan's largest city at the time.
It would be like including in the population of NYC all the other boroughs like Queens, Staten Island, Long Island, Bronx, and Northern New Jersey etc. Or saying the populations is such and such a number for San Francisco by including the entire Bay area, ie, Oakland, Berkley, Richmond, Sausalito, Marin county etc etc.
As of October 2007, the official intercensal estimate showed 12.79 million people in Tokyo with 8.653 million living within Tokyo's 23 wards.[1] During 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, Chà «à Â, and Minato, whose collective population as of the 2005 National Census was 326,000 at night, but 2.4 million during the day.[1]
The entire prefecture had 12,790,000 residents in October 2007 (8,653,000 in 23 wards), with an increase of over 3 million in the day. Tokyo is at its highest population ever, while that of the 23 wards peak official count was 8,893,094 in the 1965 Census, with the count dipping below 8 million in the 1995 Census.[citation needed] People continue to move back into the core city as land prices have fallen dramatically.[citation needed]
As of 2005, the most common foreign nationalities found in Tokyo are Chinese (123,661), Korean (106,697), Filipino (31,077), American (18,848), British (7,696), Brazilian (5,300) and French (3,000).[40]
The 1889 Census[citation needed] recorded 1,389,600 people in Tokyo City, Japan's largest city at the time.
Quote from bearice:
Foreign bankers are fleeing Tokyo as Japan's nuclear crisis worsens, scrambling for commercial and charter flights out of the country and into other major cities in the region.
BNP Paribas, Standard Chartered and Morgan Stanley [MS 27.53 -0.12 (-0.43%) ] were among the banks whose staff have left since Friday's earthquake and tsunami, and now a nuclear plant disaster, according to industry sources with direct knowledge of the matter.
Expatriate staff at most foreign banks in Tokyo make up a small portion of the total, by some estimates less than 10 percent. But many are often in senior positions so their departure can have a significant impact.
And while Japan's investment banking market is famously tough, it's an essential place for large banks to be and can produce hefty fees.
"The foreign banker presence on the ground in Tokyo now is very thin and depending on how long it takes them to return there could be lasting implications of that," said one banker. "Every time there's a washout of foreigners in Japan they never quite return in the same numbers."
With bankers joining the growing exodus, private jet operators reported a surge in demand for evacuation flights which sent prices surging as much as a quarter. One jet operator said the cost of flying 14 people to Hong Kong from Tokyo was more than $160,000.
"I got a request yesterday to fly 14 people from Tokyo to Hong Kong, 5 hour 5 minutes trip. They did not care about price," said Jackie Wu, COO of Hong Kong Jet, a newly established private jet subsidiary of China's HNA Group.
All the air charter companies seem to be having a lot of work recently. Flying the businessmen, officials, but also bringing the rescue teams in to the country. Let's hope their efficiency and professionalism will be helpful in that horrible tragedy...