Category: 3 Japan

Tokyo

Tokyo – London Collaboration

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Yuriko Koike, Governor of Tokyo, and Charles Bowman, Lord Mayor of London, have signed and concluded the Memorandum of Understanding Between the City of London Corporation and the Tokyo Metropolitan Government, on 4 December 2017. The Lord Mayor works closely with the Mayor of London, Sadiq Khan, although they have distinct and separate responsibilities.

The two cities have a long history of collaboration across many sectors which have contributed to the economic development and prosperity in their respective countries and in the world. The Tokyo Metropolitan Government (TMG), which is the administrative body of the metro area, and the Foreign Commonwealth Office (FCO), are already working together on an agenda to revitalise Tokyo’s financial sector. The Financial Services sector is one of the key areas that continues to undergo transformation at an international level. In recognition of this the City of London Corporation (CoLC) and the TMG will sign a Memorandum of Understanding (MoU) to further deepen their exchange and collaboration in financial services, so that the two international financial centres can mutually prosper and grow. In addition, TheCityUK, as the industry body for UK-based financial and related professional services, has launched a Japan Market Advisory Group (MAG) of industry experts and is taking forward a programme to strengthen collaboration between financial and related professional services in the UK and Japan and this practitioner activity will complement cooperation between the two cities.

Collaboration Objectives

Working toward this goal, while the CoLC and TMG will deepen their examination of concrete actions, both parties hereby agree to commence consideration on their cooperation in the following
areas:

  • Cooperation in financial sector meetings, forums and information sharing between both cities.
  • Cooperation in building a wider alliance programme in the education sector.
  • Cooperation in developing and promoting Environment, Social and Governance (ESG) investment and green finance.
  • Cooperation in conducting promotional activities as international financial centres.

Tokyo has sister city relationships with many capitals of the world, including

  • Beijing
  • Berlin
  • Cairo
  • London
  • Moscow
  • New York
  • Paris
  • Rome
  • Seoul

Information Source: Tokyo Metropolitan Government

Image Source: Bureau of Port and Harbor, Tokyo Metropolitan Government

Tokyo and London are both G8x8 territories. The former is ranking first in GDP among Japanese prefectures, placing it at the 3×1 position. London ranks first among top level areas of the United Kingdom to take the 5×1 field on the board. Tokyo takes a share of 18.3% of the total GDP of Japan. London posted a GDP share of 22.7 percent of the UK national total.

JP-AI

Aichi Business Access

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I-BAC (Aichi-Nagoya International Business Access Center) offers free “one stop” services including incubation facilities to foreign companies desiring to enter the Aichi-Nagoya region. Check this for more information: http://www.i-bac.jp/o/

Aichi ranks third in GDP among Japanese prefectures and takes position 3×3 within the G8x8. Its 2013 GDP of 35,448 billion Yen contributed 7.0 percent to the total of Japan.

 

California Osaka 2013

California – Osaka Partnership

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Governor Edmund G. Brown Jr. met with Osaka Governor Ichiro Matsui in Sacramento, to sign a memorandum of understanding to further strengthen California’s relationship with its sister-state in Japan. The leaders discussed trade, investment, tourism and education and cultural exchanges between California and Osaka Prefecture. They also shared their commitment to combating climate change. Full text:

Memorandum of Understanding On Friendly Exchanges and Cooperation Between The State of California, United States of America And Osaka Prefecture, Japan

At the invitation of Mr. Edmund G. Brown Jr., Governor of California, Mr. Ichiro Matsui, Governor of Osaka Prefecture, led an official delegation to visit Sacramento, California on June 11, 2013. During this visit, Governor Matsui and Governor Brown held friendly talks and reviewed the cooperation between the two sides since the establishment of the sister-state relationship in 1994. Both agreed that Osaka Prefecture and California are economically complementary and that there exists significant potential to advance and strengthen economic and social ties.

California has the highest Gross State Product in the United States of America and is the ninth largest economy in the world. Osaka Prefecture has a population of 8.8 million and is the 29th largest economy in the world. Accordingly, both governments agree:

  1. To support and encourage economic and trade cooperation between California and Osaka Prefecture in the following key areas:
    • clean energy
    • environmental protection
    • information technology
    • bio-tech
    • manufacturing
    • tourism
  2. To support and encourage cooperation on reducing greenhouse gas emissions and promoting low carbon development.
  3. To support and encourage their people and governments to further develop interpersonal contacts and exchanges, and to promote mutual understanding and friendship.
  4. To promote exchange programs between universities and other educational institutions.
  5. That California will designate the Governor’s Office of Business and Economic Development and that Osaka Prefecture will designate the International Affairs Division to coordinate trade and investment relations between Osaka Prefecture and California.

This Memorandum of Understanding was signed in Sacramento on June 11th, 2013 in the languages of English and Japanese in duplicate, each party holding one; both texts being equally authentic.

Information Source and Photo Credit: Justin Short, Office of the Governor.

California and Osaka are both G8x8 territories. The former is ranking first in GDP among US states, placing it at the 1×1 pole position. Osaka ranks second among Japanese prefectures to take the 3×2 field on the board. In 2016, California took a share of 14.1% of the USA total GDP. This was worth $2.6 trillion US Dollars, just as much as the GDP of the United Kingdom (ranking 5th among countries). Osaka posted a GDP share of 7.3 percent of Japan’s national total.