Japan has become the most expensive place to live as an expat. Tokyo and Osaka are ranked one and two respectively in an annual survey that ranks 143 cities around the world on the cost of living for expatriates. Also in the top ten, in descending order, are Moscow, Geneva, Hong Kong, Zurich, Copenhagen, New York, Beijing and Singapore. London is 16th, while Johannesburg is the least expensive city in the ranking.
Mercer, a provider of consulting, outsourcing and investment services which does the survey each year, said the recent currency fluctuations around the world had caused a significant reshuffle compared to last years results.