[Thinking Ability] Common sense changes quickly: Tokyo's cost of living
Hello, I am Nikkei OP Trader, the administrator.
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Now, the theme this time isPrices in Tokyo.
The 17th edition of the UK Royal Mail's annual "Long-Haul Holiday Report" was published in mid-September 2017.
☆ Compare prices of items bought at destinations far from home across 30 world cities.
☆ Ranking by the total amount for 10 items: coffee, beer, Coca-Cola, glass of wine, cocktail, chocolate bar, mineral water, sunscreen, insect repellent, and a three-course meal with house wine for two people.
☆ In order of price, from high to low
1st Rio de Janeiro (Brazil, £160.00)
2nd Dubai (Jumeirah Beach, £157.75)
3rd Chinatown (Singapore, £152.34)
::
29th Cape Town (South Africa, £64.50)
30th (lowest) Tokyo (£48.90)
How about that?
Aren’t you surprised that Tokyo is the lowest?
From now on, what ideas can you come up with by expanding your thinking?
＜What the administrator felt and inferred＞
☆ This survey is greatly influenced by a strong pound and a weak yen
☆ For Japanese traveling abroad, the weak yen is a considerable burden
☆ If Japanese people feel that Japan’s prices are high, then Japan's economy is not good
☆ Relying on pensions to live comfortably overseas is now a thing of the past
☆ We should not be bound by existing common sense or preconceived notions
☆ Common sense changes quickly over time
☆ Depending on the survey items, statistics can be created “arbitrarily”
☆ What the mass media says is not always correct
and so on.
It is important not to be bound by preconceived notions, and to discern the essence.
Imagining new possibilities, I believe this will inevitably lead to an increase in investing power.
Note) The above are my personal opinions and are intended solely to improve financial literacy. Therefore, this is not an investment solicitation. Please make final investment decisions at your own risk.
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