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Tokyo Rises to No. 2 in Global Power City Index, Overtaking New York

A weak yen that fueled a surge in inbound tourism is cited by the index’s compilers as the key driver of Tokyo’s climb.

Overview

  • London ranks first, Tokyo second and New York third in GPCI-2025, with Tokyo recording its smallest-ever score gap to London.
  • The Global Power City Index assesses 48 major cities across six fields using 72 indicators drawn largely from national statistics.
  • Tokyo remains 3rd in the finance sub-ranking and places 9th in a newly introduced startup category released with the 2025 results.
  • New York’s drop is linked to high inflation and rising costs, and the top-five order changed for the first time in nine years.
  • Osaka jumps from 35th to 18th and Fukuoka rises two spots to 40th, which local reports connect to the Osaka–Kansai Expo and stronger GDP growth.